Strong interest in U.S. 10-year Treasuries
The U.S. Treasury Department announced the sale of 10-year bonds worth $39 billion, with a yield of 4.834% of the face value. Demand for these bonds increased, reaching a coverage ratio of 2.71, the highest among the last 10 issuances, which had an average coverage of 2.49. Additionally, the department sold $58 billion worth of 3-year bonds. It is expected to announce today the results of a 30-year bond issuance worth $22 billion, as part of its efforts to finance public debt amidst rising global bond yields and concerns over the U.S. Treasury Secretary's market intervention ahead of the upcoming Federal Reserve Chairman's speech.
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