Danske Bank: Demand for 30-year U.S. Treasuries is strong, helping to lower yields below 5%

ChainCatcher news, Danske Bank research analyst Stefan Mellin stated that the demand for the 30-year Treasury bond auction conducted by the U.S. Treasury on Thursday was strong. This helped to further lower the 30-year yield below the critical 5% level.

Given the unusual price movements at the long end of the U.S. Treasury curve over the past few months, as well as the challenges to the status of U.S. Treasuries as a safe-haven asset, yesterday's auction was particularly significant. The auction results help to alleviate recent concerns about declining demand for long-term U.S. Treasuries.