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Bidding at U.S. 30-year auction weakest since November
May 11, 2017 / 5:26 PM / 7 months ago

Bidding at U.S. 30-year auction weakest since November

NEW YORK, May 11 (Reuters) - Overall demand at Thursday’s $15 billion U.S. 30-year Treasury bond sale, the final leg of the $62 billion quarterly refunding this week, hit a six-month low with investor purchases coming in below recent levels, Treasury data showed.

The ratio of bids to the amount of new 30-year issue offered was 2.19, which was below than the 2.23 at the prior 30-year auction in April and the lowest since the 2.11 in November. (Reporting by Richard Leong)

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