Finishing off this week's series of long-term securities auctions, the Treasury Department sold $16 billion worth of thirty-year bonds on Thursday, attracting well below average demand.
The thirty-year bond auction drew a high yield of 3.810 percent and a bid-to-cover ratio of 2.16.
After trending lower over the past two weeks, treasuries regained some ground over the course of the trading day on Wednesday. Bond prices moved moderately higher in early trading and saw some further upside as the day progressed.
Following yesterday's sale of $30 billion worth of three-year notes, the Treasury Department sold $24 billion worth of ten-year notes on Wednesday, attracting average demand. The ten-year note auction drew a high yield of 2.750 percent and a bid-to-cover ratio of 2.70.
Treasuries moved modestly lower during trading on Tuesday, extending the substantial downward move that was seen last Friday. After moving to the downside in early trading, bond prices fluctuated as the day progressed but remained in the red.
The Treasury Department sold $30 billion worth of three-year notes on Tuesday, kicking off this week's series of long-term securities auction.
The three-year note auction drew a high yield of 0.644 percent and a bid-to-cover ratio of 3.46.
Treasuries moved sharply lower during trading on Friday, as upbeat jobs data added to recent concerns about the outlook for the Federal Reserve's stimulus program. Bond prices showed a steep drop in early trading and remained firmly in the red throughout the session.
After ending the previous session modestly higher, treasuries saw some further upside over the course of the trading day on Thursday.
Bond prices showed a notable move to the upside in late morning trading and remained positive for the remainder of the session.
Treasuries moved modestly higher during trading on Wednesday, regaining some ground after trending lower in recent sessions. Bond prices moved moderately higher in morning trading before moving roughly sideways in the afternoon.
The Treasury Department announced the details of next week's auctions of three-year and ten-year notes and thirty-year bonds on Wednesday.
With upbeat service sector data adding to recent concerns about the outlook for monetary policy, treasuries came under pressure during trading on Tuesday. Bond prices moved notably lower in morning trading and remained firmly in the red throughout the afternoon.