U.S. Sells $39B 10-Year Notes: Strong Indirect Demand but Weakest Direct Bids Since January
The Treasury sold $39 billion of 9-year-11-month notes at a high yield of 4.538 percent. Indirect bidders took 78.21 percent of the offering.
flipboard.comU.S. Treasury sold $39 billion of 9-year-11-month notes on June 10 in a reopening of CUSIP QQ7. 468 percent.
The result marked the first stop-through for the 10-year tenor after four consecutive tails. 402 in the previous auction and above the six-auction average; the figure was the highest since September 25. 95 percent last month and one of the five highest shares on record.
39 percent. ZeroHedge reported that the outcome followed a mediocre three-year auction the previous day and came after the release of the June consumer-price index. The publication described the auction as a sign that the bond market viewed the inflation data as containing no major surprises.
