US 30-YEAR TREASURY AUCTION TAILS AS DEMAND WEAKENS The US 30-year Treasury auction cleared at 5.441%, above the 5.437% when-issued yield, producing a 0.4-basis-point tail despite a sharp decline from the previous auction's 5.618% yield. The bid-to-cover ratio fell to 2.36 from 2.54, signaling weaker demand. Indirect bidders took 68.1%, down from 72.3%, while direct bidders took 20.5%, versus 20.9% previously. Lower yields masked softer auction demand, with the tail suggesting investors required a modest concession.(彭博社)