Friday, December 12, 2014

U.S. Treasurys Pare Some Losses

Bonds prices edged off session lows on Thursday after the U.S. government’s auction of 30-year Treasury bonds saw strong demand.  The Treasury Department auctioned $13 billion in bonds at a high yield of 2.848 percent, the lowest since November 2012. Overall demand for the auction was the highest since January 2013 and foreign was the highest since July.

Benchmark 10-year notes fell 11/32 in price to yield 2.20 percent, up from 2.17 percent, and 30-year bonds were off 10/32 in price to yield 2.85 percent, near where they traded on Wednesday.

Intermediate-dated U.S. Treasurys weakened earlier on Thursday and the yield curve neared its flattest in six years after data showed U.S. consumer spending advanced at a faster pace than expected in November.

CNBC

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