JPMorgan on US 10 YR Note Auction
Treasury will auction $39bn reopened 10-year notes at 1pm, unchanged in size from the last reopening in September. Last month's auction cleared 1.5bp rich to pre-auction levels, the largest stop-through since April 2025. End-user demand increased by 4.3%-pts to 95.7%. the highest share since September 2025 and less tha