The U.S. government has auctioned $16 billion in 30-year bonds at a low yield, reflecting continued strong demand for ultra-safe investments.
The Treasury Department said Thursday that the bonds were priced to yield 2.825 percent. That's slightly higher than the yield at the time on similar bonds trading in the market.
Yet the yield remains low by historical standards. About a year ago, the 10-year Treasury note fetched a higher yield than the new 30-year bonds. Demand was unusually strong from indirect bidders, including overseas central banks seeking shelter from uncertainty about Europe and the global economy.
In other trading, the yield on the 10-year Treasury note rose to 1.69 percent as of 3 p.m. from 1.65 percent late Wednesday.
