US 1-Year 10-Month Note auction: results posted, 2.63x bid-to-cover
Why now
Thesis: Soft auction demand signals bond buyers demanding more yield
Catalyst to watch: Next Treasury auction bid-to-cover and dealer takedown
Main risk: Yields spike further if demand keeps fading
Why it matters
Weak demand at a Treasury auction forces dealers to absorb supply, pressuring yields higher across the curve.
Details
US Treasury 1-Year 10-Month Note auction (CUSIP 91282CRD5, auctioned 2026-09-23): offering $28.0B; accepted $28.0B; bid-to-cover 2.63x; WEAK AUCTION; dealers 40.9%; indirect 59.1%; direct 0.0%.
Related assets & topics
Treasury BondsInterest RatesSources
- treasury · api.fiscaldata.treasury.gov · 2026-09-23 16:04 UTC