U.S. awards indirect bidders record share at 30-year bond sale

By Kitco News / January 11, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 11 (Reuters) - Indirect bidders, including fund managers and foreign central banks, bought a record share of $12 billion of 30-year government bonds offered by the Treasury Department on Thursday, Treasury data showed.

Their purchases, in percentage terms, at the latest 30-year bond auction made up 71.49 percent, resulting in a yield of 2.867 percent, the highest yield at a 30-year auction since October.(Reporting by Richard Leong; Editing by Bernadette Baum)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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