ING analysts Padhraic Garvey and Benjamin Schroeder said in a report US Treasury
auctions this week were strong. Back-to-back 10- and 30-year auctions showed
robust demand, indicating buyers willing to enter at current price levels. The
30-year drew strong international and domestic demand, with subscriptions close
to secondary-market prices; the prior day's 10-year auction priced slightly
above secondary-market levels.