Summary Box: Demand for 30-year note auction is highest since September as buyers seek yield
By APThursday, March 11, 2010
Summary Box: Rate on 30-year falls after auction
STRONG DEMAND: A government auction of $13 billion in 30-year bonds drew the highest demand since September.
DESPERATELY SEEKING YIELD: The yield on the 30-year bond that matures in February 2040 fell to 4.67 percent from 4.69 percent late Wednesday as its price rose. Investors at the auction were attracted to its comparatively high interest rate.
SAFETY DOESN’T PAY: The yield on the ultra-safe two-year note stands at 0.96 percent. Investors have been seeking higher returns. That helped explain turnout at the 30-year offering.
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