TREE NEWS reports: The US Treasury auctioned $39 billion of 10-year notes at a high yield of 5.3%, up from 4.834% on Sept. 9, with a bid-to-cover ratio of 2.77 versus 2.71 previously. After the results were released, the 10-year Treasury yield dropped sharply from around 5.31% to near 5.28%, nearly erasing its earlier gains for the day; it had risen to 5.3624% at 21:27 Beijing time, shortly before the US stock market opened.
US Treasury sells $39B 10-year notes at 5.3% high yield
AI take
The jump in the awarded high yield from the prior auction signals how much steeper the compensation demanded for duration has become, yet the stronger bid-to-cover suggests demand held up rather than collapsed. The immediate post-auction dip in the 10-year yield points to positioning being unwound into the result rather than a genuine reassessment of the rate path. For crypto and other long-duration risk assets, the question worth watching is whether this level of Treasury compensation keeps pulling capital toward the risk-free curve, or whether the auction's solid cover marks a near-term ceiling in yields.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
BofA’s Cabana: Fed Faces Choice of Hiking Rates or Surging Treasury Yields
30m ago
WTI Crude Falls 1.29% to $88.28 a Barrel
35m ago
SpaceX Dragon undocks from ISS with four astronauts aboard
39m ago
SpaceX Credit Risk Jumps on Heavy Borrowing Concerns
54m ago
Fed Minutes: Several Participants Surprised by Persistent Scale of AI Buildout
54m ago
Fed Minutes: New York Fed Intervened in FX Market on Treasury’s Behalf