US 10-Year Treasury Yield Drops 2.2 Basis Points to 4.46%, 1-Year Rate Steady at 3.8% Early Thursday

US Treasury Closing Levels

3:00 Wednesday vs 3:00 Tuesday2yr 99-18 vs 99-17; 3.988% vs 3.991%5yr 98-27 vs 98-28+; 4.128% vs 4.122%10yr 99-05 vs 97-11; 4.478% vs 4.462%30yr 95-14+ vs 95-22; 5.045% vs 5.028%2/10 48.902 bps vs 46.634 bps5/30 91.576 bps vs 90.431 bps

US 30-Year Auction High Yield Rises From Previous Month, Demand Lower

The US Treasury's 30-year auction hit a high yield of 5.046% on Wednesday, above the 4.876% high in the previous auction.The bid to cover ratio for the auction was 2.30, below the 2.39 ratio in the previous auction.Dealers represented 53.73% of the bids, with direct bidders at 11.77% and indirect bidders at 34.50%.For takedown, dealers took 11.66%, with direct bidders at 21.74% and indirect bidders at 66.60%.

US 30-Year High Yield 5.046% vs 4.876% Previous; Bid/Cover 2.30 vs 2.39 Previous