Bond Market Update

Updated: 27-Jul-26 10:21 ET
New Supply

Treasury Auction Preview

  • $69 bln 2-year Treasury note auction (results at 11:30 ET):
    • Prior auction results:
      • High yield: 4.189%
      • Bid-to-cover: 2.64
      • Indirect bid: 55.5%
      • Direct bid: 34.3%
    • Average results of previous 12 auctions:
      • High yield: 3.726%
      • Bid-to-cover: 2.61
      • Indirect bid: 57.7%
      • Direct bid: 29.9%
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