30-Year Bond Auction Sees Solid Demand

The Treasury Department sold $13 billion in 30-year bonds at a yield of 4.679% on Thursday, finishing off a $74 billion week-long debt sale with mostly positive results from a 30-year debt auction.

• The bid-to-cover came in at 2.89, the highest since September and better than the average of 2.61 times at the last four comparable sales.

• Indirects bought nearly 24%, versus 40.5% of the last four, on average.

• Directs purchased 29.6%, the highest since 2006 and compared to 5.6% on average.

• Alloted at High 82.80%

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