Treasurys Tumble Following Weak 30-Year Sale - CNBC

Treasurys Tumble Following Weak 30-Year Sale - CNBC:

This week's government debt sale ended on a sour note, with investors unfriendly toward a sale of long bonds.

The $13 billion sale of 30-year bonds fetched a high yield of 3.82 percent, 0.042 percentage points above the 'when issued' expectations. Bidders put up 2.73 times the amount bid, a measure known as the bid-to-cover ratio.

Foreign demand also was soft, with indirect bidders making up just 36 percent of total buyers."