The winning bid yield for the US 30-year treasury bond auction was 5.441%, higher than the pre-issuance yield of 5.437%. Despite a sharp drop from 5.618% in the previous auction, there was still a trailing spread of 0.4 basis points. The bid multiplier dropped from 2.54 to 2.36, indicating weakening demand. Indirect bidders were allocated 68.1%, down from 72.3% previously; direct bidders were allocated 20.5%, compared to 20.9% previously. The decline in yield conceals weak demand for auctions, and late spreads suggest investors are asking for small concessions.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.