NEW YORK (AP) - The government is borrowing 30-year money from investors at the lowest rate on record.
The Treasury Department auctioned 30-year bonds Thursday at a yield of 2.72 percent, the lowest rate ever for a sale of 30-year bonds.
It's the second straight day the government borrowed from investors at a record low rate. The Treasury auctioned 10-year notes Wednesday at 1.62 percent.
Most Treasurys were little changed in Thursday trading. The 10-year note is down 25 cents for every $100 invested. Its yield rose to 1.62 percent from 1.60 percent late Wednesday.
Worries over the European debt crisis have stoked demand for U.S. government bonds. Rising demand for bonds pushes their yields down.
The auction of 30-year Treasury bonds raised $13 billion, the last of three auctions this week.
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