US 30-Year Bond Auction Abates Worst Fears of a Buyers’ Strike
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Investors in the $29 trillion Treasury market got a welcome dose of stability after an auction of 30-year bonds was met with strong demand.
Longer-dated Treasuries pared their earlier losses after investors snapped up $22 billion of US government debt sold on Thursday, with 30-year yields lingering near 4.83%. Shorter-term notes, meanwhile, kept up a rally spurred by evidence that underlying US inflation ebbed last month.