Following yesterday's three-year note auction, the Treasury Department sold $21 billion worth of ten-year notes on Wednesday.
The ten-year note auction drew a high yield of 2.043 percent and a bid-to-cover ratio of 3.08.
The Treasury also sold $21 billion worth of ten-year note last month, drawing a high yield of 2.076 percent and a bid-to-cover ratio of 3.24.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous ten-year note auctions had an average bid-to-cover ratio of 3.13.
Peter Boockvar, managing director at Miller Tabak, said, "Similar to yesterday's 3-year note auction, today's 10-year auction was just ordinary."
The Treasury is due to sell $13 billion worth of thirty-year bonds on Thursday, finishing off this week's series of long-term securities auctions.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.