Treasury sells (.pdf) $14B in 30-year bonds in a messy auction at a high yield of 4.288% (vs....

|By:, SA News Editor
Treasury sells (.pdf) $14B in 30-year bonds in a messy auction at a high yield of 4.288% (vs. expected 4.19% - 57.15% of bids were at the high). Bid to cover ratio: 2.14. Primary dealers took $8.8B; indirect bidders took $4.61B. 30-year Tsys fall off a cliff, now -1.66% to 120-10.