09 August 2018 04:48 PM
direct : The US Treasury Department on Wednesday raised bonds for 10 years worth $ 26 billion, the highest ever, amid strong demand from investors.
The US Treasury showed that major investors bought 27.5 percent of the 10-year bonds at auction, down from the previous average of 29.8 percent, with other investors buying.
Analysts had expressed concern that investors were looking for the largest bid in US history.
Direct purchases of US Treasuries accounted for 11.3% of the total sold debt, higher than the last purchase average of 6.5%.
The Federal Reserve has raised interest rates twice this year with expectations of two further increases in 2018.
The yield on 10-year US Treasury bonds rose over 3% to close at 2.95% from 2.84% in mid-July.