New York CNN —
Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors.
Bonds rallied after an auction for US government bonds saw relatively strong demand. The Treasury on Thursday sold $22 billion worth of 30-year bonds. The auction settled with a yield of about 4.84%, signaling solid buying.
Standard, boring bond auctions have drawn the attention of investors around the globe. The auctions serve as a gauge of investors’ appetite for holding US debt as
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