30-Year Treasury Auction Breaks Bad, Sinks Stock Market

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Lack of demand send bond yields high.

The Treasury’s auction of 30-year bonds on Thursday went about as bad as it could, indicating investor reluctance to own long-dated government securities.

Primary dealers who buy up supply not taken by investors had to accept 24.7% of the debt on offer, more than double the 12% average for the past year.

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Sverige Senaste nytt, Sverige Rubriker