Financial Wire

US 10-Year Auction High Yield Rises From Previous Auction, Demand Lower

The US Treasury's 10-year auction hit a high yield of 4.282% on Wednesday, up from the 4.217% high in the previous auction.The bid to cover ratio for the auction was 2.43, below the 2.45 ratio in the previous auction.Dealers represented 54.17% of the bids, with direct bidders at 11.93% and indirect bidders at 33.90%.For takedown, dealers took 10.80%, with direct bidders at 23.88% and indirect bidders at 65.32%.

-- The US Treasury's 10-year auction hit a high yield of 4.282% on Wednesday, up from the 4.217% high in the previous auction.

The bid to cover ratio for the auction was 2.43, below the 2.45 ratio in the previous auction.

Dealers represented 54.17% of the bids, with direct bidders at 11.93% and indirect bidders at 33.90%.

For takedown, dealers took 10.80%, with direct bidders at 23.88% and indirect bidders at 65.32%.