US Treasuries were seen down yesterday as longer-dated US Treasury debt prices shed when a Government's $12billion auction of the debt drew weaker than average demand”.
Tom di Galoma, head of fixed-income rates trading at Guggenheim Capital Markets LLC said: “The auction was very tepid. The auction shows that the market can sell off when levels are overpriced. This can be a disappointment in these reopened issues.”
The yield on the 30 year note rose eight basis points to 4.08%.
Tom di Galoma, head of fixed-income rates trading at Guggenheim Capital Markets LLC said: “The auction was very tepid. The auction shows that the market can sell off when levels are overpriced. This can be a disappointment in these reopened issues.”
The yield on the 30 year note rose eight basis points to 4.08%.
