{"id":439640,"date":"2026-10-08T00:03:28","date_gmt":"2026-10-07T17:03:28","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-us-treasury-sells-39-billion-of-10-year-notes-at-a-high-yield-of-5-300-versus-wi-level-of-5-317-439640\/"},"modified":"2026-10-08T00:03:28","modified_gmt":"2026-10-07T17:03:28","slug":"the-us-treasury-sells-39-billion-of-10-year-notes-at-a-high-yield-of-5-300-versus-wi-level-of-5-317","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-us-treasury-sells-39-billion-of-10-year-notes-at-a-high-yield-of-5-300-versus-wi-level-of-5-317-439640\/","title":{"rendered":"The US treasury sells $39 billion of 10 year notes at a high yield of 5.300% versus WI level of 5.317%"},"content":{"rendered":"<div>\n<p>The U.S. Treasury thousand $39 billion of 10 year notes:<\/p>\n<ul>\n<li>\n<p>WI level at the time of the auction: 5.317%<\/p>\n<\/li>\n<li>\n<p>High yield: 5.300%<\/p>\n<\/li>\n<li>\n<p>WI level at the time of the auction: 5.317%<\/p>\n<\/li>\n<li>\n<p>Stop-through: 1.7 basis points vs the average of 0.3 basis points<\/p>\n<\/li>\n<li>\n<p>Bid to cover: 2.77X vs the average of 2.54X<\/p>\n<\/li>\n<li>\n<p>Directs: 17.2% vs the average of 17.0%<\/p>\n<\/li>\n<li>\n<p>Indirects: 80.34% vs the average of 74.1%<\/p>\n<\/li>\n<li>\n<p>Dealers: 2.54% vs the average of 8.8%<\/p>\n<\/li>\n<\/ul>\n<p>Auction grade: A<\/p>\n<p>A strong auction across the board. The high yield came in 1.7 basis points below the WI level, showing buyers were willing to accept a lower yield than the market indicated ahead of the auction. Bid to cover was comfortably above average, while indirect bidders took 80.34% of the issue. Direct demand was marginally above average as well. That left dealers with just 2.54%, well below the 8.8% average ( I am not sure I have seen a level that low). The sizable stop-through, strong overall demand and limited dealer takedown support the A grade.<\/p>\n<p>The US yields are trading at session lows with the two-year at 4.78%. The 10 year is that 5.290%, and the 30 year at 5.670%. <\/p>\n<p>US stocks remained under pressure with the Dow industrial average -0.69%. The S&amp;P index is down -0.28% and the NASDAQ index is down -0.40%. The small-cap Russell 2000 is still the worst performer with a decline of -1.18% while the NASDAQ 100 is down -0.34%.<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Treasury thousand $39 billion of 10 year notes: WI level at the time of the auction: 5.317% High yield: 5.300% WI level at the time of the auction: 5.317% Stop-through:&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439640","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439640"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439640\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}