Reuters logo
UPDATE 1-Funds buy record amounts of longer-dated Treasuries at auctions
August 22, 2017 / 8:27 PM / 3 months ago

UPDATE 1-Funds buy record amounts of longer-dated Treasuries at auctions

 (Recasts lead with purchases being a record high; adds
background)
    NEW YORK, Aug 22 (Reuters) - Investment funds purchased
record amounts of longer-dated U.S. government debt during the
quarterly refunding conducted in early August, according to
Treasury Department data available going back to 2000.
    Investment managers bought $12.444 billion at a $29 billion
10-year note auction, compared with the $9.961 billion they
purchased the previous month, the Treasury data released on
Tuesday showed.             
    They bought $9.241 billion of the $15 billion in 30-year
bonds offered earlier this month, which was far more than the
$7.068 billion they bought in July.             
    Foreign investors, another major group of holders of U.S.
government debt, bought $1.783 billion of the latest 10-year
supply, the least amount they bought at an auction since June
2009 and well below the $3.405 billion they purchased the
previous month, according to the Treasury’s auction allotment
data.
    Foreign investors bought $1.147 billion of 30-year bonds
versus $0.723 billion the previous month.
    The Treasury also sold some of $30 billion of 10-year notes
earlier this month to banks, pension funds and Wall Street bond
dealers.
    At other auctions held the same week as the 10-year auction,
large investment managers bought $11.349 billion of 3-year
notes, compared with the $8.502 billion they purchased the
previous month.
    Overseas investors bought $6.108 billion of the latest
3-year supply, compared with $6.070 billion they purchased the
previous month.
    The Treasury offered $31 billion in 3-year notes and $20
billion in 30-year bonds.

 (Reporting by Richard Leong; Editing by Leslie Adler)
  

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below