The First Auction of 30-Year Treasury Bonds in Five Years

Today, the Treasury Department sold off $14 billion worth of 30-year Treasury bonds. The rate was 4.53%. That’s almost the exact same yield as the 5-year and 10-year bonds.
The bid-to-cover ratio was 2.05, which was less than what I expect, but it still indicates that the public is willing to pay for these bonds. I’m curious if the government will ever try using longer term bonds. Last year, the British and French governments auctioned off 50-year bonds.

Posted by on February 9th, 2006 at 2:43 pm


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