10-Year Treasury auction better-than-expected as demand rises

nvesting.com -- The U.S. government sold $39 billion of 10-year Treasuries on Wednesday at a lower-than-expected yield as demand strong, easing fears that investors would continue to sell safe-heaven assets amid a tariff-induced scramble to cash.

The notes were awarded at 4.435%, 3 basis point below the expected yield, or when-issue rate, of 4.465%, and above the 4.310% high seen in the prior auction.

The bid to cover ratio, a gauge of demand, for the auction rose to 2.67 from 2.59 seen in the prior auction.

The yield on the United States 10-Year was at 4.380%, after trading at around 4.46% at the highs of the day.