The Treasury completed its quarterly refinancing.
The government sold $6.5 billion in 30-year bonds at an average yield of 10.66%, down from an average of 11.38% for last quarter’s issue of 30-year bonds on May 9 and the lowest rate since 10.29% on May 5, 1983. The sale, which attracted bids totaling $15 billion, was the third auction this week, in which the government raised a record $21.75 billion in new debt financing.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.