Yields on 10-year Treasury fell Wednesday after the U.S. government sold $39 billion of 10-year Treasuries at a lower-than-expected yield as demand climbed.
The notes were awarded at 4.033%, 1.3 basis point below the expected yield, or when-issue rate, of 4.046%, but down from the 4.255% high seen in the prior auction.
The bid to cover ratio, a gauge of demand, for the auction was 2.65, up from 2.35 previously.
International demand led the bidding, accounting for 52%, while direct bidders accounted for about 38% of the auction.
The yield on the United States 10-Year fell 4.8 basis points to 4.03% following the auction result.
Source :
https://www.investing.com/news/stock-market-news/us-treasury-sells-39b-10year-notes-at-lowerthanexpected-yield-as-demand-climbs-4234175
