Bond Market Update

Updated: 28-Jul-25 09:54 ET
New Supply

Treasury Auction Preview

  • $69 bln 2-year Treasury note auction (results at 11:30 ET)
    • Prior auction results:
      • High yield: 3.786%
      • Bid-to-cover: 2.58
      • Indirect bid: 60.5%
      • Direct bid: 26.3%
    • Average results of previous 12 auctions:
      • High yield: 4.039%
      • Bid-to-cover: 2.64
      • Indirect bid: 69.3% 
      • Direct bid: 19.0%
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