Headline: U.S. Treasury to Sell $25 Billion in 30-Year Bonds at 1 p.m. ET
The U.S. Treasury will tap the long end of the curve with a $25 billion sale of 30-year bonds scheduled for 1 p.m. ET. With the benchmark 30-year Treasury yield hovering near 4.68%, the auction will be closely watched by bond investors for signals on demand, term premium, and broader risk appetite in the fixed-income market.
Market participants will compare the results against key six-month average metrics. The bid-to-cover ratio, a gauge of overall demand, has averaged 2.36x, while the average tail—difference between the auction stop and the when-issued yield—stands at 0.3 basis points. By buyer type, recent averages show directs (domestic buyers) taking about 26.0%, indirects (often international investors and foreign central banks) around 61.6%, and primary dealers absorbing roughly 12.4%.
This sale rounds out a week of coupon supply after a strong 3-year note auction that drew healthy domestic and international interest, and a 10-year note auction that cleared with roughly average demand. Traders will be watching today’s long-bond allocation and pricing for clues on long-duration appetite and the trajectory of Treasury yields.
Key Points: – Treasury to auction $25 billion of 30-year bonds at 1 p.m. ET – 30-year yield recently around 4.679% – Six-month average bid-to-cover ratio: 2.36x – Average tail over six months: 0.3 basis points – Buyer mix averages: directs 26.0%, indirects 61.6%, dealers 12.4% – Week’s earlier auctions: strong 3-year demand, average 10-year reception
