Reuters logo
TREASURIES-U.S. bond yields rise to session highs after auction
July 9, 2014 / 5:25 PM / 3 years ago

TREASURIES-U.S. bond yields rise to session highs after auction

NEW YORK, July 9 (Reuters) - U.S. Treasuries yields climbed to session highs early Wednesday afternoon following weak results on a $21 billion auction of an older 10-year government debt issue

The yield on the note due in May 2024 cleared at 2.597 percent, which was the lowest since June 2013, but it was about 1 basis point above what traders had expected.

Large investors and other direct bidders bought 13.91 percent of the latest 10-year supply, which was their smallest share since January.

On the open market, benchmark 10-year yields last traded at 2.590 percent, a tad below a session peak of 2.594 percent set shortly after the Treasury Department announced the 10-year auction results.

Reporting by Richard Leong; Editing by Meredith Mazzilli

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