US Treasury sells $ 19 billion worth of 30-year notes

WASHINGTON (Reuters) – The US Treasury Department ended Thursday a series of long-term bond sales, selling 30-year bonds worth $ 19 billion, with an average subscription .

This happened after the sale of three-year bonds worth $ 38 billion and 10-year bonds worth $ 27 billion these last two days.

The 30-year bond yield is 2.335% of its face value, with a bid rate of 24.2 times.

The US Treasury sold $ 16 billion of 30-year bonds last month for a return of 644.2% and a hedge rate of 13.2 times the value of the offer.

The hedge rate is a measure of the demand for bonds, which refers to the size of the IPO in relation to the size of the offering.

The average coverage rate of the last 10 30-year bonds was 24.2 times.

The US Treasury Department announced last week its intention to launch a new amount of long-term bonds for underwriting next week, with a total value of $ 84 billion.

Last month, the US Treasury sold $ 78 billion of bonds in these categories, including $ 38 billion in 3-year bonds, $ 24 billion in 10 years and $ 16 billion in 30 years.

The US Federal Reserve lowered its key rate for Wednesday for the first time since 2008, reflecting concern over the outlook for the global economy and weak inflation.