All articles tagged with #10 year notes
The Treasury will conduct a one-day buyback of up to $6 billion of longer-term debt, triple the normal size, with future operations at least $4 billion, targeting 10- and 20-year notes to support liquidity and potentially cap rising yields; yields rose after the announcement.
The US Treasury auctioned off a record $42 billion of 10-year notes at a high yield of 4.093%, with international demand at nearly 71% and domestic demand slightly below the six-month average. Dealers received less than the normal amount, and the tail was -1.2 basis points below the WI level. The bid-to-cover ratio was above the six-month average. The auction of 30-year bonds is scheduled for tomorrow.
The U.S. Treasury sold $37 billion of 10-year notes at a high yield of 4.296%, with a positive tail of 1.4 basis points. The bid-to-cover ratio was 2.53X, and dealers took on a larger portion of the auction than average. Domestic buyers accounted for 18.87% of the purchases, while international buyers made up 63.83%. The auction grade was D+, indicating below-average performance. The results suggest some apprehension among investors, possibly due to the upcoming Fed meeting and the lackluster performance of the 3-year note auction.