At 01:00 Beijing time on April 13, the U.S. Treasury Department conducted a tender sale of 10-year Treasury bonds, the value of the batch of bonds was $38 billion.
According to subsequent data, the bid yield was 1.680%, while the bid multiple was 2.36. The Treasury’s auction last month, the bid yield was 1.523% and the bid multiple was 2.36.
According to statistics, the average bid multiple for the previous five bidding sales was 2.39.
In terms of the allocation ratio, the Federal Reserve and other U.S. federal government entities, including direct buyers (direct buyers) received 16.2%, the lowest value since December last year. Indirect buyers (indirect buyers), including foreign central banks, were allocated 59.6%, nearly three percentage points higher than last month, and almost even with the recent average level of 60.0%. As for the primary dealers (Dealers), who have the obligation to prevent abortions, the allocation was 24.2%, which remained around the recent average.
In the $58 billion three-year U.S. bond sale earlier on Monday, the yield was 0.376% and the bid multiple was 2.32.
After the results of the above-mentioned tender sale, the financial blog Zerohedge said in its analysis.
Overall, the results of today’s U.S. bond sale, although average, were enough to avoid a market turmoil plunge, and the overall impact of this sale was far less devastating than the infamous 7-year U.S. bond sale at the end of February.
Greg Michalowski, an analyst at ForexLive, said the overall results of the 10-year bid were more modest.
The 10-year yield hit a new high since January 2020 at 1.869%, the bid multiple was slightly below the six-month average, and dealers’ bids were around the average.
In addition to today’s bid, $175 billion of U.S. debt will be bid for the rest of the week, including $24 billion of 30-year bonds to be bid on Tuesday.
After the release of this data, the three-year U.S. bond yield held steady near 0.3520%, at 0.360% as of press time; the 10-year U.S. bond yield held steady near 1.6730%, at 1.680% as of press time. While the three major U.S. stock indices all saw a slight decline, there was no clear trend after the results were announced. As of press time, the Dow is down 0.35%, the S&P is down 0.16% and the Nasdaq is down 0.26%.
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