US treasury to auction $38B of 10 year notes at the top of the hour.

Author: Greg Michalowski | Category: News

10 year notes trading on WI basis at 1.6725%

The U.S. Treasury will complete the second note auction at the top of the hour when the auction off $38 billion of 10 year notes.  The current WI is trading at 1.6725%. The last six auctions have seen the following averages:
  • Bid to cover 2.39x
  • Dealers 24%
  • Directs 16.1%
  • Indirects 59.9%
The last auction came in at a yield of 1.523%.  

The auction yield will be the highest since January 2020 when the yield was at 1.869%
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