Treasury Department auctions $12B of 30-year bonds at a high yield of 2.475%
U.S. government debt prices were higher on Thursday as investors digested the release of data and the auction of $12 billion in 30-year bonds.
The Treasury Department auctioned $12 billion in 30-year bonds at a high yield of 2.475 percent.
The bid-to-cover ratio, an indicator of demand, was 2.42, above a recent average of 2.34.
Indirect bidders, which include major central banks, were awarded 64.9 percent, above a recent average of 60 percent.
Direct bidders, which includes domestic money managers, bought 8.1 percent, below a recent average of 11 percent.
Treasurys
| TICKER | COMPANY | YIELD | CHANGE |
|---|---|---|---|
| US1M | U.S. 1 Month Treasury | 5.37% | UNCH |
| US3M | U.S. 3 Month Treasury | 5.392% | -0.003 |
| US6M | U.S. 6 Month Treasury | 5.366% | UNCH |
| US1Y | U.S. 1 Year Treasury | 5.137% | +0.007 |
| US2Y | U.S. 2 Year Treasury | 4.827% | +0.036 |
| US10Y | U.S. 10 Year Treasury | 4.422% | +0.045 |
| US30Y | U.S. 30 Year Treasury | 4.562% | +0.044 |
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, sat lower at 1.6748 percent, while the yield on the 30-year Treasury bond was also lower, at 2.4769 percent. yields also fell, last trading at 0.775 percent.
Investors also kept a close one the 10-year German bund yields, which hit a new record low earlier in the session, according to Reuters.
On the data front, initial jobless claims fell by 4,000 to 264,000. Wholesale trade data posted their largest gains in 10 months.