(MENAFN- AFP) The high yield slipped slightly Thursday as the US Treasury auctioned off $16 billion in 30-year bonds.
The high yield fell to 3.652 percent from 3.660 percent at the July 11 30-year sale.
The bid-to-cover ratio was 2.11, compared to 2.26 last month, as worries about the Federal Reserve's plans for slowing its stimulus continued to hang over the market.
Direct bidders took up 17.09 percent of the issue, and indirect 40.18 percent.
The next 30-year bond auction is on September 12.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.