Bond yields surged yesterday after a $14bn auction of 30-year Treasury bonds met with low investor demand.
The 30-year yield rose by 16 basis points to 4.25 per cent. The 10-year Treasury bond was up 10 bp at 3.28 per cent.
Treasury yields rise on poor 30-year auction
By Aline van Duyn in New York
Published: May 8 2009 03:00 | Last updated: May 8 2009 03:00
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