Treasury Raises $24 Billion In 10-yr Note Auction


Salon Staff
February 9, 2012 12:00AM (UTC)

NEW YORK (AP) — The U.S. government easily managed to sell new 10-year debt. With nervousness over ongoing talks in Europe for a second bailout of Greece, U.S. debt has been a safe haven for global investors.

The Treasury Department auctioned $24 billion of 10-year notes at a yield of 2.02 percent Wednesday.

Advertisement:

There were $3.05 worth of bids for every dollar sold, slightly lower than the average of $3.10 in the last six auctions. Though demand fell slightly, market experts have been surprised at the consistently high demand in recent months for U.S. debt, despite low yields.

The yield on the benchmark 10-year Treasury was flat at 1.98 percent in afternoon trading compared with late Tuesday. Its price edged 3.1 cents lower for every $100 invested.


Salon Staff

MORE FROM Salon Staff

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •