Bond Market Update

Updated: 12-Jan-26 10:00 ET
New Supply

Treasury Auction Preview

  • $58 bln 3-year Treasury note auction (results at 11:30 ET):
    • Prior auction results:
      • High yield: 3.614%
      • Bid-to-cover: 2.64
      • Indirect bid: 72.0%
      • Direct bid: 19.0%
    • Average results of previous 12 auctions:
      • High yield: 3.828%
      • Bid-to-cover: 2.63
      • Indirect bid: 65.0%
      • Direct bid: 21.4%
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