Washington DC, May 15 -- The US Treasury Department has sold USD 25 billion worth of 30-year government bonds at a high yield of 5.046 per cent, according to official Treasury auction results.

According to the auction results, the coupon rate, which refers to the fixed annual interest rate paid on the bond, was set at 5 per cent. However, the auction stopped at a slightly higher yield of 5.046 per cent, indicating that investors demanded slightly higher returns while purchasing the bonds.

The bonds have been issued for 30 years and will mature on May 15, 2056.

The total amount tendered in the auction stood at over USD 63.50 billion, while the total accepted amount was around USD 30.93 billion, including purchases by the Federal Reserve...