The US Treasury held a 30-year bond auction with a total bid of $711.6 million. The auction resulted in a 4.403% yield, lower than the previous 4.635%. Indirect bid was 68.5%, direct bid 17.8%, and bid-to-cover ratio was 2.49. The Federal Reserve also provided $107.7 billion in term funding loans.
FED BANK TERM FUNDING LOANS $107.7B IN WEEK ENDED JUNE 12 AFTER $107.9B
🇺🇸 United States 30-Year Bond Auction $USD Actual: 4.403% Previous: 4.635%
US 29-YEAR 11-MONTH BONDS: 4.625% COUPON US 29-YEAR 11-MONTH BONDS: INDIRECT BID 68.5%; DIRECT BID 17.8% US 29-YEAR 11-MONTH BONDS: BID-TO-COVER 2.49 US 29-YEAR 11-MONTH BONDS: 4.403%; 8.49% AT HIGH
Long bond auction pending...
FED BIDS FOR 30-YEAR BONDS TOTAL $711.6 MLN.
$ZB_F - 30-Year Bond Auction at 1:00 PM ET
30Y auction on deck... brace for volatility.