US Treasury sells 20-Yr Treasuries at lower-than-expected yield

Investing.com — The U.S. authorities offered 20-year Treasuries on Wednesday at a lower-than-expected yield as stronger home shopping for eased the hit from softer demand.      

The notes had been awarded at 4.900%, 1.1 foundation level beneath the anticipated yield, or when-issue fee, of 4.911%, however nicely above the 4.686% excessive seen within the prior public sale. 

The bid to cowl ratio, a gauge of demand, for the public sale rose to 2.75 from 2.50 seen within the prior public sale. 

Sellers accounted for 51.3% of the bids, with direct bidders at 13.6% of the public sale, and oblique bidders at 35.1%.