Investor appetite for U.S. government debt continued to hold up on Thursday, as demonstrated by the results of a $22 billion auction of 30-year Treasury bonds that came just one day after a shockingly strong $39 billion 10-year Treasury auction.

U.S. government bond yields are down after a $22 billion auction of 30-year Treasurys met with solid demand from investors. Treasurys have sold off sharply this week amid worries that President Trump’s tariffs could lead to weaker foreign demand for U.

A U.S. Treasury debt auction of $39 billion in benchmark 10-year notes was well received on Wednesday, showing solid investor demand even after a bond market sell-off driven by an escalating trade war between the United States and its major trading partners led by China.