U.S. 30-Year Treasury Auction Sees Strong Demand, Contributing to Yield Decline

The U.S. government successfully sold US$22 billion in 30-year Treasury bonds at an auction with a high yield of less than 5.62 percent. This strong demand helped bring the 30-year Treasury yield down to 5.60 percent from 5.73 percent earlier in the morning, which was a notable move for the bond market.