The US Treasury sold $22 billion in 30-year bonds at a high yield of 4.773%, slightly below the pre-auction trading level of 4.774%.

Key auction details: - The stop-out yield of 4.773% was higher than the previous auction's 4.694% - Bid-to-cover ratio improved to 2.36x from 2.29x in the prior sale - Primary dealers took 11.2% of the offering, down from 14.5% last time - Direct bidders were awarded 23.5%, significantly higher than the previous 14.5% - Indirect bidders received 65.4%, lower than 71.0% in the prior auction

The bonds will settle on December 15, 2025, and mature on November 15, 2055.