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US Treasury Closing Levels
3:00 Tuesday vs 3:00 Monday2yr 99-17 vs 99-20; 3.991% vs 3.943%5yr 98-28+ vs 99-04+; 4.122% vs 4.066%10yr 97-11 vs 97-24; 4.462% vs 4.408%30yr 95-22+ vs 96-11+; 5.028% vs 4.984%2/10 46.634 bps vs 46.319 bps5/30 90.431 bps vs 91.694 bps
Market Chatter: US Appeals Court Pauses Lower Court Ruling Against Trump's 10% Global Tariffs
A US appeals court on Tuesday temporarily paused a ruling by a lower court against President Donald Trump's 10% global tariff, keeping the levies in place for three importers that had won a reprieve, Reuters reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
US 10-Year Auction High Yield Rises From Previous Auction, Demand Lower
The US Treasury's 10-year auction hit a high yield of 4.468% on Tuesday, up from the 4.282% high in the previous auction.The bid to cover ratio for the auction was 2.40, below the 2.43 ratio in the previous auction.Dealers represented 55.55% of the bids, with direct bidders at 12.32% and indirect bidders at 32.12%.For takedown, dealers took 11.98%, with direct bidders at 24.07% and indirect bidders at 63.95%.