Strong 10-year Treasury auction draws heavy demand
The Treasury sold $39 billion of 10-year notes at a 5.30% yield, with a bid/cover ratio of 2.77. Indirect bidders took 80.3% of the issue, while dealers absorbed only 2.5%.
The Treasury sold $39 billion of 10-year notes at a 5.30% yield, with a bid/cover ratio of 2.77. Indirect bidders took 80.3% of the issue, while dealers absorbed only 2.5%.