Today’s $21 billion offering of 10-year notes got sold at a 1.9% yield, under the prior record low of 2%, set in the September auction, and the 1.909% yield the market expected before the sale. The bid-to-cover ratio, a key gauge of overall demand, was 3.29, compared to an average 3.09 of the previous eight sales.
Wednesday, January 11, 2012
For the First Time Ever, Treasury Auctions Ten-Year Notes Yielding Less Than 2%
History made today in regards to a record low auction yield on new issues of 10-year US Treasury Securities. Story at WSJ here.