NEW YORK (Dow Jones)--Robust demand on a $13 billion 30-year Treasury bond auction Thursday gave the bond market a new lease on life, with bond prices paring a decline. The sale, the last leg of this week's $66 billion new supply, posted the biggest overall demand since December, signaling that the selling in the bond market lured in buyers deeming higher yields as attractive.
Thursday, April 12, 2012
Treasury Bonds Pare Losses On Strong 30-Year Sale
NEW YORK (Dow Jones)--Robust demand on a $13 billion 30-year Treasury bond auction Thursday gave the bond market a new lease on life, with bond prices paring a decline. The sale, the last leg of this week's $66 billion new supply, posted the biggest overall demand since December, signaling that the selling in the bond market lured in buyers deeming higher yields as attractive.
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