Market Insider

Investors losing taste for pricey Treasurys?

Trader on the floor of the New York Stock Exchange.
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The market may have had its fill of pricey long bonds.

The Treasury's auction of $16 billion 30-year bonds got the cold shoulder from big investors, and as a result the yield zipped higher and dealers stepped in to buy the bulk of the securities.

The auction was priced to yield 3.44 percent, above the final when-issued trade of 3.40, and the lowest yield at auction for a 30-year since June 2013.