30 Year Bond Auction in U.S. a Success

Spread betting and contracts for differences on the U.S. bond market should consider that yesterday's bond auction went rather well. There had been some concern about whether or not investors would be interested in 30 year Treasury bonds, but apparently they were.

Indirect bidders represented a large number of the buyers, reports BloggingStocks:

Indirect bidders, which include foreign banks, snapped up 49% of the bonds offered, compared with only 26% in the previous three auctions. This was the highest showing for indirects since February of 2006 when it was 65.44%.

This is a good sign, since it indicates that investors are feeling better about the U.S. economy -- and the stability of U.S. assets. U.S. credibility got another boost with help from the Japanese finance minister.