The US Treasury's 30-year auction hit a high yield of 4.876% on Thursday, up from the 4.871% high in the previous auction.
The bid to cover ratio for the auction was 2.39, below the 2.45 ratio in the previous auction.
Dealers represented 54.35% of the bids, with direct bidders at 12.87% and indirect bidders at 32.78%.
For takedown, dealers took 11.62%, with direct bidders at 24.23% and indirect bidders at 64.14%.
3:00 Wednesday vs 3:00 Tuesday2yr 100-05 vs 100-02; 3.790% vs 3.829%5yr 99-25+ vs 100-18+; 3.918% vs 3.971%10yr 98-21+ vs 98-09+; 4.289% vs 4.337%30yr 97-27+ vs 97-12; 4.885% vs 4.915%2/10 49.745 bps vs 50.551 bps5/30 96.448 bps vs 94.366 bps
The North West Company (NWC.TO), up near 6% on last look, on Wednesday reported lower fourth-quarter adjusted earnings.The company, which operates grocery stores in Canada's North and the Caribbean, said adjusted earnings, excluding most one-time items, edged down to $43.5 million, from $44.6 million, in the prior year period. The company did not provide per share amounts.Sales for the fourth quarter rose 0.1% to $675.5 million. Analysts polled by FactSet had forecast sales of $658.0 million. Higher sales in the company's international operations sales were largely offset by lower sales in Canada.Canadian same store sales , down 2.8% compared to very strong same store sales gains last year of 6.7%, were negatively impacted by a decrease in the distribution of funding to individuals from First Nations Child and Family Services programs, North West added.North West also said refinanced its $400.0 million and US$52.0 million loan facilities that were originally maturing March 1, 2027. The loan facilities, refinanced with existing lenders, will now mature April 8, 2031.The company will pay a regular quarterly dividend of $0.41 per share on April 24, to shareholders of record on April 15.North West Company shares were last seen up $3.03 to $55.25 on the Toronto Stock Exchange.Price: $55.21, Change: $+2.99, Percent Change: +5.73%
The US Treasury's 10-year auction hit a high yield of 4.282% on Wednesday, up from the 4.217% high in the previous auction.The bid to cover ratio for the auction was 2.43, below the 2.45 ratio in the previous auction.Dealers represented 54.17% of the bids, with direct bidders at 11.93% and indirect bidders at 33.90%.For takedown, dealers took 10.80%, with direct bidders at 23.88% and indirect bidders at 65.32%.