The US Treasury's 10-year auction hit a high yield of 4.580% on Wednesday, up from the 4.538% high in the previous auction.
The bid to cover ratio for the auction was 2.59, above the 2.57 ratio in the previous auction.
Dealers represented 54.70% of the bids, with direct bidders at 7.76% and indirect bidders at 37.53%.
For takedown, dealers took 7.78%, with direct bidders at 10.73% and indirect bidders at 81.49%.
Gibson Energy (GEI.TO) said after market close on Tuesday said it agreed to issue C$400 million of 4.45% senior unsecured notes due Jan. 9, 2034.The offering is expected to close on July 9, 2026, and the company aims to use the net proceeds toward the repayment of outstanding debt under its revolving credit facility and for general corporate purposes.Shares of the company closed up C$0.69 to C$29.53 on Toronto Stock Exchange on Tuesday.
3:00 Tuesday vs 3:00 Monday2yr 99-29 vs 100-00; 4.160% vs 4.123%5yr 99-12 vs 99-19+; 4.255% vs 4.338%10yr 98-24 vs 99-05; 4.529% vs 4.479%30yr 99-09+ vs 100-03; 4.503% vs 4.993%2/10 36.505 bps vs 35.463 bps5/30 78.597 bps vs 77.992 bps
The US Treasury's 3-year auction hit a high yield of 4.179% on Tuesday, down from the 4.192% high in the previous auction.The bid to cover ratio for the auction was 2.60, below the 2.64 ratio in the previous auction.Dealers represented 53.48% of the bids, with direct bidders at 11.73% and indirect bidders at 34.79%.For takedown, dealers took 7.74%, with direct bidders at 24.75% and indirect bidders at 67.50%.