BREAKING Treasury sells $13 bln in 30-year debt at 2.904%

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The Treasury Department sold $13 billion in 30-year notes 30_YEAR +0.97% on Thursday at a yield of 2.904%, the highest level since May. Bidders offered to buy 2.49 times the amount of debt sold, below the average of 2.64 times at the last four sales of 30-year notes, according to CRT Capital Group. Indirect bidders, a group which includes foreign central banks, purchased 26.5% versus an average of 34.7%. Direct bidders, a class which includes domestic money managers, bought another 14.2% compared with 17.5% on average. After the auction, the broader bond market weakened with yields on 30-year notes, which move inversely to prices, rising to 2.91% versus 2.89% before the sale

Indirect bidders buy 26.5% of 30-year note auction ( FAIL )