Bond Market Update

Updated: 29-Jul-25 10:46 ET
New Supply

Treasury Auction Preview

  • $44 bln 7-year Treasury note auction (results at 13:00 ET)
    • Prior auction results:
      • High yield: 4.022%
      • Bid-to-cover: 2.53
      • Indirect bid: 76.7%
      • Direct bid: 11.6% 
    • Average results of previous 12 auctions:
      • High yield: 4.146%
      • Bid-to-cover: 2.61
      • Indirect bid: 70.5%
      • Direct bid: 19.4%
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