Bond Market Update

Updated: 10-Sep-25 11:23 ET
New Supply

Treasury Auction Preview

  • $39 bln 10-year Treasury note auction (results at 13:00 ET)
    • Prior auction results:
      • High yield: 4.255%
      • Bid-to-cover: 2.35
      • Indirect bid: 64.2%
      • Direct bid: 19.6%
    • Average results of previous 12 auctions:
      • High yield: 4.302%
      • Bid-to-cover: 2.55
      • Indirect bid: 69.5%
      • Direct bid: 17.8%
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