US treasury sells $22 billion of 30 year bonds at a high yield of 5.308%

AI summary

<p>The U.S. Treasury has auctioned off $22 million and 30 year bonds at a high yield of 5.308%</p><ul><li>WI level at the time of the auction 5.335%</li><li>Tail -2.7 basis points versus 013 basis points average</li><li>Bid to cover 2.61X versus average of 2.38X</li><li>DIrects (domestic buyers) 18.3% versus 22.1% average</li><li>Indirects (international buyers) 79.5% versus 66.4% average</li><li>Dealers (they get the rest) 2.2% versus 11.5% average.</li></ul><p>I don't think I've ever seen a dealer number as low as 2.2%. The big buyer was international at 79.5%. I wonder if the bond buyback influenced the buying interest today. Of course the US yield are near the highs going back to 2007.   Yields have come off a bit.  US stocks are still down but near the highs.  Crude oil is off $102.60 spike high but still at $101.58. </p><p>Overall grade:  A </p><p class="PDq2pG_selectionAnchorContainer">Of note is that the U.S. Treasury is starting a series of bond buybacks aimed at improving liquidity and calming volatility in the longer end of the yield curve. The first operation will purchase up to $6 billion of older Treasury securities with maturities between 10 and 20 years. At least six additional buybacks are expected over the coming weeks, with each totaling at least $4 billion.</p><p>For beginner traders, the Treasury is buying older, less actively traded bonds and replacing that financing by issuing newer securities. That may provide some support for bond prices and help push