30-year Treasury Auction Sees Weak Demand With 1.9-basis-point Tail

MarketWatch Pulse

A Treasury department auction of $13 billion in 30-year bonds saw weak demand Thursday. The yield at auction tailed the yield the minute before the results were announced by 1.9 basis points, stopping at 2.681%. Indirect bidders, a group that includes foreign central banks, bought 51.9% of the bonds, the highest since July 2014. This is also the third largest indirect takedown on record dating back to February 2006. After the auction, Treasury yields were flat with the 10-year yielding 2.11% and the 30-year yielding 2.685%.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below