ARMRreport
Oct 7, 5:05 PM
$IEF $TLT $HYG etc
U.S. 10-YEAR TREASURY AUCTION DRAWS STRONG DEMAND
The Treasury sold
$39 billion of 9-year 10-month notes at a 5.300% high yield, with a 2.77 bid-to-cover ratio.
Indirect bidders took a strong 80.34%, direct bidders 17.12%, while primary dealers were left with just 2.54% — signaling solid end-investor demand.
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