US Treasury Auctions $42B 10-Year Notes at 4.468% Yield
The auction drew a bid-to-cover ratio of 2.4x, with a modest tail of 0.4 basis points above the when-issued yield. The US Treasury sold $42 billion of 10-year notes at a high yield of 4.468%, slightly above the when-issued yield of 4.464%. The auction saw a bid-to-cover ra