Foreigners buy fewest US 10-year bonds in a year

Friday, 25 April 2014 03:13 - - {{hitsCtrl.values.hits}}

REUTERS: Foreigners bought the lowest amount of US 10-year Treasuries notes at auction in a year, according to Treasury Department data released on Wednesday. Overseas investors purchased $ 2.659 billion or 12.7% of the $ 21 billion of the benchmark 10-year notes the Treasury offered on 9 April, the data showed. The amount was below the $ 4.227 billion they bought in March and the lowest since the $ 1.670 billion they bought a year ago. At this month’s 10-year auction, the Treasury Department sold the 10-year supply at a yield of 2.72%, the lowest yield since October.

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