The U.S. Treasury Department sold 30-year bonds at a record low yield on Thursday, highlighting investors’ demand for longer-term debt and its benefits to the government.
The Treasury sold $19 billion of 30-year bonds on Thursday afternoon at a 2.061% yield. That beat the previous record of 2.170% set last October, according to data from BMO Capital Markets.
The auction came as Treasury yields generally moved lower after Chinese officials changed the way they counted coronavirus infections, leading to a big jump in the number of confirmed cases in the country’s Hubei province. The yield on the benchmark 10-year U.S. Treasury note settled at 1.616%, compared with 1.629% Wednesday.
Read more: Wall Street Journal.
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