US Treasury's 30-Year Bond Auction Is Met With Solid Demand
An auction of 30-year Treasuries drew solid demand in a sign that the $29 trillion market is so far avoiding an all-out buyers' strike in long-term bonds.
A $22 billion auction of the securities on Thursday drew 4.844%, below their yield at around the auction deadline. Long-term Treasuries extended their gains after the sale, pushing 30-year yields lower by eight basis points.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
E&E News
an hour ago
- E&E News
New reconciliation text spares forest program from cuts
A program that protects privately owned forests for timber and other uses has survived in a megabill being put together in the Senate, after falling victim to House budget cutters in May. The Senate Agriculture, Nutrition and Forestry Committee saved the Forest Legacy Program in its piece of the big tax-cut and spending bill, refusing to cut off $100 million in Inflation Reduction Act funding. 'This is a victory not only for forests, but for the families, economies, and ecosystems that depend on them,' said Lesley Kane Szynal, chair of the Land and Water Conservation Fund Coalition, an advocacy group, in a news release Thursday. Advertisement The Forest Legacy Program pays for conservation easements and land purchases that prevent privately owned forests from being converted to other uses. In many cases, they've been used to keep timber operations in business while protecting forest watersheds and allowing for recreational access.
E&E News
an hour ago
- E&E News
Washington state pollution prices rise amid struggle to cut emissions
The price of pollution allowances in Washington state's carbon market hit its highest level in more than two years, signaling that polluters are increasingly paying for the excess emissions instead of reducing them. Regulated polluters paid $58.51 for each pollution allowance at a Washington auction in June, according to data released Wednesday. The price was $50 at the previous auction, in March. Washington, through its carbon market, sets yearly limits on total greenhouse gas emissions in the state and gives regulated polluters a choice between cutting their emissions under a certain level or purchasing pollution allowances for each ton of excessive emissions. Washington spends the revenue from pollution allowances on climate-focused projects, such as infrastructure for electric vehicles. Advertisement The program requires deep cuts in greenhouse emissions, and most regulated entities haven't been able to reduce their pollution that rapidly, said Mitul Kaushal, associate at cKinetics, a Delhi, India-based financial advisory firm.
E&E News
an hour ago
- E&E News
House Republicans try again on water permitting bills
Republicans on the House Transportation and Infrastructure Committee introduced 15 water-related bills Thursday, targeting everything from the length of federal permitting to the types of water resources protected by the Clean Water Act. The bills would benefit oil and gas companies, farming interests, homebuilders, water utilities and others who say that environmental reviews and long permitting timelines are stifling development. They were introduced by Water Resources and Environment Subcommittee Chair Mike Collins (R-Ga.) and Reps. Rick Crawford (R-Ark.), David Rouzer (R-N.C.), Doug LaMalfa (R-Calif.), Pete Stauber (R-Minn.), Burgess Owens (R-Utah), Eric Burlison (R-Mo.), Jeff Hurd (R-Colo.), Jefferson Shreve (R-Ind.), Dave Taylor (R-Ohio) and Jimmy Patronis (R-Fla.). Advertisement 'The Clean Water Act was intended to protect water quality, support healthy communities, and balance the demands of economic growth across the United States,' Graves said in a statement.
