The Treasury Department was able to successfully sell bonds maturing in nearly 20 years Wednesday afternoon.
At the auction, investors got 4.810% in yield, 0.4 basis point lower than the yield in pre-auction trading. The difference between the two yields—called a stop through—indicated a strong auction for the U.S. government, where it was able to sell its debt at a relatively lower yield.
Indirect bidders, a category typically representing foreign central banks and overseas investors, bought 70.7% of the supply, higher than the average of 68.4%. Fears about foreigners punishing President Donald Trump’s trade policies by selling U.S. assets had gripped financial markets last week.
