The winning yield on the US 30-year Treasury issue was 4.535 per cent, higher than the pre-issue trading yield

The U.S. Treasury renewed its $22 billion 30-year Treasury issue with a winning bid yield of 4.535 per cent, compared with a pre-issue trading yield of 4.523 per cent at the close of bids at 1 p.m. New York time . Primary dealers were allocated 14.4 per cent, up from the previous time. Direct bidders were allocated 19.1 per cent less and indirect bidders were allocated 66.5 per cent more. The bid multiple of 2.39 times was lower than the average of 2.42 times for the last six renewal transactions.