Try demo Open account
Trading
CFD
Binaries
Crypto
Banking
B2B
Market info
About
Try demo Open account

U.S. Treasury 10-Year Auction Results

Source: Dukascopy Bank SA
The October 7, 2026 reopening of the 9-Year 10-Month U.S. Treasury Note (Series E-2036) cleared at a high yield of 5.300% and a discounted price of 94.864261 to award $39 billion in public debt. Overall demand was robust, characterized by an above-average bid-to-cover ratio of 2.77× (up from the previous 2.71×) and driven overwhelmingly by non-dealer end-investors who absorbed nearly all supply.



Key Takeaways: 
  • Above-Average Demand: The bid-to-cover ratio reached 2.77× ($108.07B tendered vs. $39.00B accepted), outpacing the prior auction's 2.71× and the 12-month average of 2.51×. 
  • Dominant Indirect Participation: Indirect bidders (foreign central banks and global funds) took down 80.34% ($31.06B) of competitive awards, highlighting strong international appetite. 
  • Minimal Dealer Burden: Primary dealers absorbed only 2.54% ($984M), a sign of genuine end-user absorption rather than forced balance-sheet warehousing. Pricing Metrics: Issued with a 4-5/8% coupon and a stop-out yield of 5.300% (allotted at 57.60% at the cutoff).
Back to articles

Actual Topics

15 Oct 2026

Beyond Rate Hikes: How AI and Investor Shifts are Effecting Debt Markets

The September 2026 CPI highlights a distinct divergence between headline and core inflation. Headline inflation accelerated to an annual rate of 3.7%, driven largely by a 5.2% monthly surge in the energy index. Conversely, core inflation remained stable at a 2.6% annual increase, and the food index was completely flat month-over-month. This persistent inflationary pressure is reflected in U.S. Treasury markets.

05 Oct 2026

French Services Sector Returns to Expansion Amid Fragile Demand

France's service sector returned to growth in September 2026, with the headline S&P Global France Services Business Activity Index rising from 48.0 in August to 51.2, marking the first expansion of the year. The broader private sector followed suit as the Composite PMI Output Index hit a 25-month high of 51.1. However, underlying demand conditions remained fragile; overall new business

02 Oct 2026

Italy Retail Trade (August 2026): Monthly Rebound Driven by Food Sales Amid Annual Volume Contraction

In August 2026, retail sales rebounded after two consecutive months of decline, recording a monthly increase of 0.3% in value and 0.1% in volume. This short-term recovery was propelled almost entirely by the food sector (+0.8% in value and +0.5% in volume), while non-food sales remained flat in value and slipped 0.1% in volume. Despite this monthly uptick, the broader