U.S. 10-Year Treasury Auction Draws Strong Demand; Bid-to-Cover at 2.77
JH Kim
Summary
- The U.S. Treasury’s $39 billion 10-year Treasury note auction drew solid demand.
- The auction posted a high yield of 5.300% and a bid-to-cover ratio of 2.77.
- Indirect bidders took 80.34% of the sale, while primary dealers were left with just 2.54%.
Forecast Trend Report by Period
The U.S. Treasury’s $39 billion auction of 10-year notes drew solid demand, with a high yield of 5.300% and a bid-to-cover ratio of 2.77.
Walter Bloomberg reported on October 7 that the Treasury auctioned $39 billion of notes with a remaining maturity of nine years and 10 months.
Indirect bidders, which include foreign central banks and institutional investors, took 80.34% of the sale. Direct bidders accounted for 17.12%.
Primary dealers were left with just 2.54% of the offering. The high allotment to end investors underscored overall demand at the auction.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.