The Treasury auctions a record $16B in 30-year bonds at 4.469% (.pdf). Bid-to-cover ratio of...

|By:, SA News Editor

The Treasury auctions a record $16B in 30-year bonds at 4.469% (.pdf). Bid-to-cover ratio of 2.26 vs. a recent 2.23; indirect bidders take 44% compared to 48.1% in the last long bond sale. Direct bidders jump to 12.1% vs. recent 9.6%. Treasurys immediately headed down; the 30-year yield +0.06 to 4.47%; 10-year +0.06 to 3.51%; 5-year +0.02 to 2.31%.