US Treasury sells $22B 30-Year Treasuries at higher-than-expected yield

Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a higher-than-expected yield amid softer demand. 

The notes were awarded at 4.535%, above the pre-sale, or when-issue, rate of 4.523%, but below the 4.608% yield high seen in the prior auction. 

The bid to cover ratio for the auction rose to 2.39 from 2.64 seen in the prior auction. 

The yield on the United States 30-Year trading at 4.524%, nearing session highs of around 4.537%.

Source: Investing.com