U.S. Treasury sells 30-year bonds to average investor demand

By Kitco News / August 09, 2018 / www.kitco.com / Article Link

NEW YORK, Aug 9 (Reuters) - The U.S. Treasury Department on Thursday sold a record high $18 billion worth of 30-year government bonds to investor demand that was in line with its recent average at a yield of 3.090 percent, Treasury data showed.

Indirect bidders, which include fund managers and foreign central banks, bought 62.25 percent of the latest 30-year bond supply, close to its recent average, analysts said.

On the other hand, the ratio of bids to the amount of 30-year bonds offered came in at 2.27, the weakest reading at a 30-year auction since February. (Reporting by Richard Leong, editing by G Crosse)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks propelled by gain in metal and equities

May 13, 2024 / www.canadianminingreport.com

Big Gold producers report strong Q1/24 results

May 13, 2024 / www.canadianminingreport.com

Gold stocks decline as metal drop offsets equity risk on

May 06, 2024 / www.canadianminingreport.com

Canadian mining equity capital raising robust in 2023, early 2024

May 06, 2024 / www.canadianminingreport.com

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok