Strong 10-year Treasury auction draws demand
The 10-year Treasury auction cleared at a 5.30% yield, 0.018 percentage points below the pre-bidding deadline level. The yield later fell to as low as 5.273% before rebounding slightly.
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The 10-year Treasury auction cleared at a 5.30% yield, 0.018 percentage points below the pre-bidding deadline level. The yield later fell to as low as 5.273% before rebounding slightly.
The Treasury sold $39 billion of 10-year notes at a 5.30% yield, with a bid/cover ratio of 2.77, the highest since 2014. Indirect bidders took 80.3% of the issue and dealers took only 2.5%, both signs of strong 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%.
U.S. Treasury’s Wednesday 10-year bond auction saw strong demand. The high yield rose to its highest level in 19 years after an increased buyback operation for longer-run maturities; $39 billion sold.
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