Bond Market Update
Updated: 28-Jul-25 11:33 ET
Auction Out
Treasury Auction Results
- $69 bln 2-year Treasury note auction:
- Auction results:
- High yield: 3.920% (When-Issued: 3.925%)
- Bid-to-cover: 2.62
- Indirect bid: 55.3%
- Direct bid: 34.4%
- Average results of previous 12 auctions:
- High yield: 4.039%
- Bid-to-cover: 2.64
- Indirect bid: 69.3%
- Direct bid: 19.0%
- Auction results:
