Reported 2 days ago
Recent anxieties over the safety of US government bonds have been alleviated as a strong demand was observed during a 30-year bond auction, resulting in lower yields. Despite concerns about the implications of Trump's tax bill on the federal deficit, the Treasury Department successfully sold $22 billion worth of these bonds, highlighting restored investor confidence for now. Previous auctions also indicated solid demand, suggesting that while fears affected the bond market, U.S. Treasuries remain a favored investment, at least temporarily.
Source: YAHOO