US Treasury 20-year bond sale meets solid demand

NEW YORK, July 23 (Reuters) - A U.S. government debt sale of 20-year bonds on Wednesday was well received, likely assuaging, at least for the time being, lingering concerns in the market over the U.S. fiscal health and widening U.S. government debt levels.

The 20-year bonds, worth $13 billion, were sold with a high yield of 4.935%, nearly two basis points below the market at the bidding deadline, a sign investors were willing to pay up to absorb the issuance. Twenty-year Treasury yields US20YT=RR declined after the auction and were last at 4.943%.