Bond Market Update

Updated: 26-Aug-26 11:21 ET
New Supply

Treasury Auction Preview

  • $70 bln 5-year Treasury note auction (results at 13:00 ET):
    • Prior auction results:
      • High yield: 4.408%
      • Bid-to-cover: 2.28
      • Indirect bid: 59.2%
      • Direct bid: 27.2%
    • Average results of previous 12 auctions:
      • High yield: 3.857%
      • Bid-to-cover: 2.38
      • Indirect bid: 63.7%
      • Direct bid: 24.8%
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