Bond Market Update

Updated: 27-Aug-25 11:20 ET
New Supply

Treasury Auction Preview

  • $70 bln 5-year Treasury note auction (results at 13:00 ET)
    • Prior auction results:
      • High yield: 3.983%
      • Bid-to-cover: 2.31
      • Indirect bid: 58.3%
      • Direct bid: 29.5%
    • Average results of previous 12 auctions:
      • High yield: 4.038%
      • Bid-to-cover: 2.39
      • Indirect bid: 69.0%
      • Direct bid: 19.3%
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