US 9-Year 10-Month Note auction: 5.300% high yield, 2.77x bid-to-cover

1 SOURCE CONFIRMED · FIRST SEEN 2026-10-07 17:16 UTC

KINDRates

DIRECTION▼ Bearish

SOURCES1

ENTITIES2

STORY SIZESTANDALONE

FIRST SEEN2026-10-07 17:16 UTC

LAST UPDATE2026-10-07 17:16 UTC

STATEactive

01 THE MACHINE READ

WHY IT MATTERS.

High yield 4.5bp above average with strong 2.77x cover shows investors demanding more compensation for duration.

Auction tail signals sticky term premium demand

CATALYST TO WATCH

Next 10Y auction and Fed minutes

MAIN RISK

Yields rise further, pressuring equities

FULL DISPATCH

US Treasury 9-Year 10-Month Note auction (CUSIP 91282CRF0, auctioned 2026-10-07): offering $39.0B; accepted $39.9B; high yield 5.300%; bid-to-cover 2.77x; +4.5bp vs average; dealers 2.5%; indirect 80.3%; direct 17.1%; SOMA add $0.93B.

02 THE STORY SO FAR

THE RECORD, IN ORDER.

STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.

03 WHO'S INVOLVED

ENTITIES ON FILE.

AFFECTEDInterest Rates

AFFECTEDTreasury Bonds

04 RECEIPTS

THE SOURCE RECORD.

1 SOURCES CONFIRMED

№ 01treasuryapi.fiscaldata.treasury.gov · PRIMARY2026-10-07 17:16 UTCOPEN RECEIPT →

05 PROPAGATION

WHAT THIS TOUCHES.

→TENDENCYrate move transmits to risk assets
Silver (COMEX) +2.2%2026-10-06 00:13 UTC

→TENDENCYrate move transmits to risk assets
Copper (COMEX) +2.3%2026-10-06 00:13 UTC

→TENDENCYrate move transmits to risk assets
Nasdaq Composite +1.1%2026-10-06 00:13 UTC

→TENDENCYrate move transmits to risk assets
VIX Volatility Index +1.4%2026-10-06 00:13 UTC

→TENDENCYrate move transmits to risk assets
10Y Treasury Yield +0.6%2026-10-06 00:13 UTC

→TENDENCYrate move transmits to risk assets
30Y Treasury Yield +0.6%2026-10-06 00:13 UTC

KEEP READING THE MACHINE

OPEN THE MACHINE →THE PREDICTION LEDGER →

Summaries are generated and may contain errors — every claim links its sources.