Auction History: US to sell USD 39bln of 10-year notes at 18:00GMT/13:00EDT

Today's auction of USD 39 billion in 10-year notes is notable for its higher yield compared to recent averages, which could signal waning demand or changing expectations around interest rates.

Newsquawk StaffPublished On the live feed at 3 more headlines followed before this page went public
Newsquawk headlinesUTC

Novartis (NVS) CEO says capital allocation priorities remain unchanged, will continue to do value creating Bolt on deals, via JPM conference

Venezuela's Machado will reportedly meet with US President Trump on Thursday, according to CNN

Auction History: US to sell USD 39bln of 10-year notes at 18:00GMT/13:00EDT

The EPA will stop considering health benefits on its pollution rules, NY Times reports

Airbus (AIR FP) deliveries in 2025: 793 and booked 1,000 gross Aircraft orders in 2025; booked 889 net Aircraft orders in 2025

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • High Yield: (prev. 4.175%, six-auction avg. 4.169%)
  • Tail: (prev. 0.0bps, six-auction avg. 0.1bps)
  • Bid-to-Cover: (prev. 2.55x, six-auction avg. 2.51x)
  • Dealers: (prev. 8.8%, six-auction avg. 9.9%)
  • Directs: (prev. 21.0%, six-auction avg. 20.6%)
  • Indirects: (prev. 70.2%, six-auction avg. 69.5%)
Context

The bid-to-cover ratio remains robust, indicating solid interest, but the dealer participation is slightly lower than average, suggesting potential caution among primary dealers. This mix of data generally points to market sensitivity to prevailing interest rate trends and could influence broader fixed income and liquidity conditions.

Related headlines

The whole workspace, free to try.

Try it free