Treasury auctions $13B of new 30-year bonds
The Treasury Department auctioned off $13 billion in 30-year bonds Thursday, drawing solid interest from investors.
The bonds were priced to yield 3.23 percent. That's just in line with yields on similar bonds trading in the market at the time. CRT Capital Group LLC says bidding interest was consistent with recent auctions of 30-year bonds.
Encouraging signs from Europe and China caused traders to sell low-risk Treasurys and buy higher-risk investments such as stocks.
The price of the 10-year Treasury note fell 12.5 cents for every $100 invested, pushing the yield up to 2.05 percent from 2.04 percent late Wednesday.
The yield on the 30-year Treasury bond edged down after the auction to 3.21 percent. It was 3.19 percent late Wednesday. The bond's price fell 31.3 cents.
The yield on the two-year note was 0.28 percent, down from 0.30 percent. The three-month T-bill paid a yield of 0.09 percent.
