The US Treasury issued 19 billion US dollars of 10-year inflation-protected treasury bonds. The winning bid yield was 2.653%, the highest since 2008. It is about 2 basis points higher than the estimated transaction yield before issuance at 1 p.m. New York time, indicating that demand for new securities fell short of expectations. The allocation ratio for Tier 1 traders was 12.2%, up from the previous three auctions; the allocation ratio for indirect bidders dropped to 59.1%, while the share for direct bidders rose to 28.7%. The bid multiplier was 2.24, lower than the average value of the previous three bids of 2.43.
Zhitongcaijing · 3d ago
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The US Treasury issued 19 billion US dollars of 10-year inflation-protected treasury bonds. The winning bid yield was 2.653%, the highest since 2008. It is about 2 basis points higher than the estimated transaction yield before issuance at 1 p.m. New York time, indicating that demand for new securities fell short of expectations. The allocation ratio for Tier 1 traders was 12.2%, up from the previous three auctions; the allocation ratio for indirect bidders dropped to 59.1%, while the share for direct bidders rose to 28.7%. The bid multiplier was 2.24, lower than the average value of the previous three bids of 2.43.
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