BondsMedium•7 October 2026•
1 min read
Strong Demand Drives US 10-Year Note Auction Yield to 5.300%
Key Facts
1The US Treasury sold $39 billion of 10-year notes at a high yield of 5.300%.
2The high yield came in 1.7 basis points below the when-issued level, indicating a strong 'stop-through'.
3The bid-to-cover ratio reached 2.77x, exceeding the recent average of 2.54x.
The US Treasury sold $39 billion of 10-year notes at a high yield of 5.300%. According to investinglive.com, the final yield came in 1.7 basis points below the when-issued level, indicating a strong 'stop-through' and robust investor appetite.
The bid-to-cover ratio reached 2.77x, exceeding the recent average of 2.54x, with indirect bidders taking 80.34% of the issue. Primary dealers were left with just 2.54% of the auction, significantly below the 8.8% average, supporting an overall auction grade of A.