Stellar 30Y Auction Stops Through, Sees Solid Foreign Bidder Demand

From zerohedge.com

The last coupon auction of the first full week of 2026 was also the strongest one. Moments ago the Treasury sold $22BN in 30Y paper in a very solid auction: the sale priced at a high yield of 4.825%, just fractionally higher than the 4.773% in December, and also stopped through the When Issued 4.833% by 0.8bps. chart The bid to cover was a solid 2.418, up from 2.365 last month, and the highest since June. The internals were also impressive, with foreigners buying 66.8%, up from 65.4% in December, and above the six-auction average of 63.7%. And with Direct Bidders awarded 21.3%, bit below the recent average of ... (full story)