US Treasury sells $42B 10-year notes at 5.02% high yield, bid-to-cover 2.46

The US Treasury sold $42 billion in 10-year notes at a 5.02% high yield, above the 5.010% when-issued yield and down from 5.300% at the prior auction. Bid-to-cover fell to 2.46 from 2.77, with direct bidders taking 29.0%, indirect 61.2% and primary dealers 9.8%.

Detected & updated continuously · Source: Nebula