US Treasury Auction 30-Year Bond Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The US Treasury auction results for the 29-Year 10-Month Bond point to a relatively soft market reception, characterized by a sluggish bid-to-cover ratio of approximately 2.31x. Due to weaker overall demand, the auction suffered a pricing tail, pushing the final high yield to 5.058% against a 5% interest rate, which forced the securities to price at a discount of 99.079875. However, a major dealer supply overhang was ultimately averted thanks to aggressive institutional participation, indirect bidders absorbed $17,065,257,000 of the $21,951,364,800 total competitive accepted allotment, leaving direct bidders with $2,679,847,000 and forcing primary dealers to take home a modest remaining balance of $2,206,260,000.





Key Takeaways

  • Weakening Bid-to-Cover Trend: The calculated 2.31x bid-to-cover ratio marks a sluggish trend for long-term paper, running below typical historical ranges of 2.40x to 2.60x and signaling a lack of aggressive buyer urgency.
  • Yield Tail & Discount Pricing: Lower buyer density forced the clearing yield up to a high of 5.058%—notably biting past the 5.007% median yield—meaning the Treasury had to concede a pricing discount of 99.079875 to get the full volume of bonds out the door.
Back to articles

Actual Topics

Wed, 08 Jul 2026 11:55:03 GMT

Reserve Bank of New Zealand Raises Official Cash Rate to 2.50%

On July 8, 2026, the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) by 25 basis points to 2.50%. This decision is intended to reduce monetary stimulus and ensure that inflation returns to the target midpoint of 2% by mid-2027 without causing unnecessary economic instability. Inflation and Global Economic Factors While near-term inflation

Tue, 07 Jul 2026 10:12:56 GMT

JGB Auction Analysis: High-Yield Appeal Sparks Fierce Bidding at July 30-Year JGB Auction

The July 7, 2026 auction of the 30-Year Japanese Government Bond was exceptionally strong, characterized by fierce institutional demand for its attractive 4.0% nominal coupon. Investors flooded the auction with 2,070 billion yen in bids against only 454.9 billion yen accepted, yielding a robust bid-to-cover ratio of 4.55x. Bidding was highly concentrated and aggressive, driving the weighted average price above

Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.