
Investing.com -- The U.S. government sold $39 billion of 10-year Treasuries on Wednesday at a slightly lower-than-expected yield as stronger domestic buying eased the hit from softer demand.
The notes were awarded at 4.276%, 1 basis point below the expected yield, or when-issue rate, of 4.286%, and also well below the 4.438% high seen in the prior auction.
The bid to cover ratio, a gauge of demand, for the auction fell to 2.58 from 2.67 seen in the prior auction.
Strength in domestic demand led the bidding, with direct bidders at 20.86% of the auction, well above the 13.8% previously and the 16.7% average.
The yield on the 10-year Treasury fell to 4.278%, after trading at around 4.286% just before the auction result.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.