The Treasury completed its quarterly refinancing.
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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.
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