Treasury's $39 billion auction of 10-year notes is met with shockingly strong demand
Source: Market Watch
Wednesday afternoon's $39 billion sale of 10-year Treasury notes produced surprisingly robust results.
The auction produced a stopped-through of 3 basis points, meaning demand was very strong, said Tom di Galoma, a managing director at Mischler Financial Group, who described the results as "amazing." Indirect bidders took 87.9% of the sale versus the 68.4% average, he said via phone.
Immediately after the results of the auction came in just after 1 p.m. Eastern time, Treasury yields remained higher on the day, with the 10-year yield near 4.39%.
Read more: https://www.marketwatch.com/livecoverage/stock-market-today-dow-eyes-700-point-dive-s-p-500-nasdaq-fall-treasury-yields-spike-as-tariffs-hit/card/treasury-s-39-billion-auction-of-10-year-notes-is-met-with-shockingly-strong-demand-bBb0kVH2NvOlC6jON6pt
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Markets going bonkers because of this and tRump tariff pause, mostly latter I think.
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