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المشهد العربي
America issues $22B in 30-year bonds
The U.S. Treasury Department completed a sale of 30-year bonds worth $22 billion, amid strong demand and a rise in the yield to its highest level in 26 years at 8.561%. This reflects investors' imposition of high-risk premiums and increased demand for U.S. debt. The number of non-competitive bidders significantly exceeded the previous average, with a coverage ratio of 4.52 times, indicating strong demand for long-term bonds and signaling weaker interest in short-term debt instruments. This follows earlier successful bond sales of $8.5 billion for 3 years and $39 billion for 10 years, as part of a series of issuance offerings at the end of the week.
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