US Treasury sells $22B 30Y bonds at lower-than-expected yield on stronger demand

Jun 13, 2024 6:16 PM

View all comments（0）



Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a lower-than-expected yield, driven by stronger demand.

The notes were awarded at 4.403%, below the pre-sale, or when-issue, rate of 4.418%, and the 4.635% yield high seen in the prior auction.

The bid to cover ratio, a measure of demand, for the auction rose to 2.49 from 2.41 seen in the prior auction.

International demand was also robust, with indirect bidders at 68.50% of the auction, above the 64.90% average.

The yield on the 30-Year Treasury fell to 4.415%, after trading at session highs of around 4.491%.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Micron Q3 Earnings Preview: Gross Margin Expected to Break the 80% Mark? Wall Street Is Unanimously Bullish, Sold-Out HBM Capacity Becomes Greatest Backing

TradingKey - As the June 24 release window for Micron Technology's (MU) fiscal Q3 2026 earnings report approaches, Wall Street's performance expectations for the memory giant are being continuously pushed to new heights.

NVIDIA (NVDA) at $205: Why Jensen Huang’s $1 Trillion Blackwell-Rubin Vision Matters More Than the Pullback

TradingKey - NVIDIA stock is consolidating near $205 after record Q1 FY2027 results. With 92% Data Center growth and Jensen Huang targeting $1 trillion from Blackwell and Rubin, can NVDA rebound toward $238?

What Is an AI Bubble? Why Investors Are Worried

TradingKey - Since late March, the US stock market has staged a strong rally. As of June 15, the Nasdaq Composite Index recorded a cumulative gain of 28%, the S&P 500 Index rose 18.8%, and the Dow Jones Industrial Average gained 14%. Entering June, the market experienced a notable correction during the release window for core macroeconomic data, with the technology sector leading the decline. Following the release of US non-farm payroll data on June 5, the Nasdaq Composite fell over 4% in a single day; after the CPI data was released on June 10, the Nasdaq recorded another single-day drop of over 2%. This long-awaited deep correction has once again reignited market discussions about the "AI valuation bubble," a hot topic from late last year. So, what exactly does the frequently mentioned AI bubble refer to?

2026 Silver Price Forecast: US-Iran Conflict May End, Can Silver Return Above $100 This Year?

TradingKey - Recently, after testing the $62.00 level again, silver prices (XAGUSD) continued to rebound on expectations of US-Iran peace talks, briefly surging to $70 this week. As of the European session on June 17, silver prices consolidated around $69.60. However, technical analysis shows a double-bottom pattern on the weekly chart, which may support a continued rise in silver prices.

June Fed Decision Delivered: Rates Held Unchanged but Dot Plot Significantly Raised, 9 Back Continued Rate Hikes in 2026.

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.

Featured Tools