U.S. 10-YEAR TREASURY AUCTION DRAWS STRONG DEMAND
The Treasury sold $39 billion of 9-year 10-month notes at a 5.300% high yield, with a 2.77 bid-to-cover ratio.
Indirect bidders took a strong 80.34%, direct bidders 17.12%, while primary dealers were left with just 2.54% — signaling solid end-investor demand.
TREASURY WI 10 YR YIELD 5.317% BEFORE $39B AUCTION
* US TSY 9Y-10M NOTE AUCTION: HIGH YLD 5.300%; ALLOTMENT 57.60%