Treasuries remained unchanged after early dip, auction results showed average demand.

From Nasdaq.: 2024-12-24 15:13:34

Treasuries initially fell but rebounded on Tuesday, ending the day mostly unchanged. The ten-year note yield dipped slightly to 4.591 percent after hitting a seven-month high of 4.629 percent. This recovery followed the Treasury Department’s announcement of the results from the $70 billion five-year note auction, which showed average demand. The auction had a high yield of 4.478 percent and a bid-to-cover ratio of 2.40, slightly higher than the average of the previous ten auctions. Trading activity was subdued as many traders were away ahead of the Christmas holiday.



Read more at Nasdaq.: Treasuries Recover From Early Weakness To Close Roughly Flat