NEW YORK, Sept 9 (Reuters) - Treasuries prices turned lower in choppy trade on Thursday as an auction of U.S. government debt drew almost no private demand, leaving the dealer community holding a pile of paper.
The sale of $9 billion in reopened 10-year Treasury notes went at a high yield of 4.195 percent, well above expectations, and drew bids for only 2.12 times the amount on offer, down from August's 2.90 level.
The breakdown showed indirect bidders, including customers of primary dealers and foreign central banks, picked up only $257 million, or just 2.8 percent of the whole issue. That compares to 54 percent in the original sale of the notes in August and 38 percent in the last reopening.
Die USA werden noch nicht einmal mehr ihre 10-jährigen Treasuries in einer Auktion ordentlich los.
The sale of $9 billion in reopened 10-year Treasury notes went at a high yield of 4.195 percent, well above expectations, and drew bids for only 2.12 times the amount on offer, down from August's 2.90 level.
The breakdown showed indirect bidders, including customers of primary dealers and foreign central banks, picked up only $257 million, or just 2.8 percent of the whole issue. That compares to 54 percent in the original sale of the notes in August and 38 percent in the last reopening.
Die USA werden noch nicht einmal mehr ihre 10-jährigen Treasuries in einer Auktion ordentlich los.
