The Treasury's auction of 10-year notes worth $39 billion went poorly. The yield on 30-year JGB rose to 1.900%. The yield on 10-year JGB reached its highest level since Nov 14 at 0.850%. US 30-year yield hit a year-to-date high of 4.67% before an auction. The US plans to sell $46 billion 52-week bills on April 16th and $70 billion 6-month bills on April 15th. In a 4-week bill auction, the US sold $70 billion with a high rate of 5.270% and a bid-to-cover ratio of 2.95. The Treasury's sale of $22 billion 30-year bonds was slightly weak with a yield of 4.671%.
Treasury sale of $22 billion 30 Year Bonds was a bit weak. The yield at 4.671% is a full basis point higher than the yield at the bidding deadline.
US 4-WEEK BILL AUCTION HIGH RATE 5.270% BID-TO-COVER RATIO 2.95 US SELLS $70 BLN AWARDS 62.22% OF BIDS AT HIGH.
🔴 US TO SELL $70 BLN 6-MONTH BILLS ON APRIL 15, TO SETTLE ON APRIL 18.
🔴 US TO SELL $46 BLN 52-WEEK BILLS ON APRIL 16TH, TO SETTLE ON APRIL 18TH.
US 30-YEAR YIELD EXTENDS CLIMB TO YTD HIGH 4.67% BEFORE AUCTION
YIELD ON 10-YR JGB RISES TO HIGHEST SINCE NOV 14; LAST UP 5.5 BPS AT 0.850%
YIELD ON 30-YR JGB UP 3.5 BPS AT 1.900%
BENCHMARK 10-YR JUNE JGB FUTURES DOWN 0.35 PTS AT 144.77
Treasury's $39 billion sale of 10-year notes goes poorly https://t.co/vlSlZIPUSj