Stock Market Update
24-Dec-25 12:00 ET
Good demand for 7-year treasury notes
Dow +271.49
at 48713.69,
Nasdaq +45.82
at 23607.70,
S&P +22.87
at 6932.65
[BRIEFING.COM] The major averages chart session highs as the market enters the final hour of today's action.
U.S. Treasuries have also reached fresh highs in reaction to the just-completed $44 billion 7-year note sale, which met better demand than note sales from the past two days. Today's offering drew a high yield of 3.930%, which stopped through the when-issued yield by 0.3 basis points while the bid-to-cover ratio (2.51x vs 2.58x average) and indirect takedown (59.0% vs 66.8%) were below average.
The 2-year note yield is down one basis point to 3.52%, and the 10-year note yield is down three basis points to 4.14%.
