US 30-year bond auction tails as demand disappoints for second straight day

High yield 5.441% vs 5.437% WI Tail of 0.4 basis points Bid-to-cover 2.36x vs 2.44x average Dealers awarded 11.39% vs 9.49% average The US Treasury sold $25 billion in 30-year bonds on Thursday in a disappointing auction that adds to signs of softening demand at the long end of…