Treasury prices rallied for the second session in a row yesterday when retail investors showed up in force at the government's auction of 30-year bonds.

Late yesterday afternoon, the 30-year bond was up 3/4 point from London's closing levels Wednesday, and yielded 7.59%. The cash market in government securities was closed in the U.S. on Wednesday for Veterans Day.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.