Treasury $21B 10-Year Auction Closes at 3.448% Yield

  • The Treasury sold $21B in Ten-year notes on Wednesday at a yield of 3.448% vs. Exp. 3.421%
  • Bid To Cover ratio 2.62 times the amount of debt sold, compared to an average of 2.92 times at the last four re-openings
  • Indirects bought 35% vs. Avg. 45.2% of the last four sales
  • Alloted at High 67.28%

Table: Treasury

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