<p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/536bbcae6da811374b33ed14-961-342/screen shot 2014-05-08 at 1.19.11 pm.png" border="0" alt="bonds" /><p class="source"><span><a href="http://finviz.com/futures_charts.ashx?t=ZB&amp;p=m5">FinViz</a></span></p></div><p></p></div></div>Long-term bonds are tumbling and interest rates are spiking after a 30-year Treasury bond auction saw weak demand.</p>
<p>According to Bloomberg, 30-year Treasury bonds sold at a yield of 3.44%, which was much higher than the 3.392% expected by analysts.</p>
<p>The bid-to-cover ratio, a measure of demand, was low at 2.09. Analysts were looking for a ratio of closer to 2.36.</p>
<p>More to come...</p>

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Interest Rates Jump After Weak Bond Auction

FinVizLong-term bonds are tumbling and interest rates are spiking after a 30-year Treasury bond auction saw weak demand. According to Bloomberg, 30-year Treasury bonds sold at a yield of 3.44%, which was much higher than the 3.392% expected by analysts. The bid-to-cover ratio, a measure of demand, was low at 2.09. Analysts were looking for a ratio of closer to 2.36. More to come...

FinVizLong-term bonds are tumbling and interest rates are spiking after a 30-year Treasury bond auction saw weak demand. According to Bloomberg, 30-year Treasury bonds sold at a yield of 3.

Interest Rates Jump After Weak Bond Auction

Sam Ro

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