{"id":1476489,"date":"2024-07-10T17:31:11","date_gmt":"2024-07-10T21:31:11","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1476489"},"modified":"2024-07-10T17:31:11","modified_gmt":"2024-07-10T21:31:11","slug":"solid-10y-auction-stops-though-with-most-direct-bidders-since-october","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/solid-10y-auction-stops-though-with-most-direct-bidders-since-october\/1476489\/","title":{"rendered":"Solid 10Y Auction Stops Though With Most Direct Bidders Since October"},"content":{"rendered":"

Solid 10Y Auction Stops Though With Most Direct Bidders Since October<\/span><\/p>\n

\n

One day after a stellar 3Y auction, moments ago the Treasury sold $39BN in a 10Y reopening of 9-Year, 10-Month cusip KQ3 in another very strong auction confirming that there are zero concerns about tomorrow’s CPI print, which the street clearly expects to come in below estimates.<\/p>\n

The high yield on today’s auction was 4.276%, well below last month’s 4.438% and the lowest since May; it also stopped through the 4.286% When Issued by 1basis point, the second consecutive stop in a row.<\/p>\n

<\/a><\/p>\n

While the bid to cover was 2.575, dropping from 2.67 in June, it was above the 6-auction average of 2.52.<\/p>\n

The internals were also solid with Indirects taking down 67.6%, also down from the near record 74.6% in June but above the 67.2 recent average. And with Directs grabbing a generous 20.9% of the allotment, the highest since Oct 23, Dealers were left with just 11.5% of the auction the lowest since last August.<\/p>\n

<\/a><\/p>\n

Overall, this was a solid auction and one which helped push yields lower from session highs of 4.30% reached just moments prior to the sale.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 07\/10\/2024 – 13:31<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/solid-10y-auction-stops-though-most-direct-bidders-october<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Solid 10Y Auction Stops Though With Most Direct Bidders Since October One day after a stellar 3Y auction, moments ago the Treasury sold $39BN in…<\/p>\n","protected":false},"author":0,"featured_media":1476490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1476489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6c6l","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/10Y20stop20july2024-j6g3pR.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1476489"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1476490"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1476489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1476489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1476489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}