"Record-Breaking $42 Billion 10-Year Treasury Auction Yields 4.093%"
TL;DR Summary
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.
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