10-year Treasury Auction Will Set The Tone For U.S. Rates -- Market Talk
Dow Jones2026/10/07 11:390739 ET - With $39 billion in 10-year notes slated for sale, today's Treasury auction will be closely watched to see how eager investors are to scoop up the debt. There were hopeful signs from Tuesday's 3-year auction according to BMO's Ian Lyngen. He called the 3-year auction "well received" compared to the 2-year, 5-year and 7-year auctions last month. Still, he said the modest stop-through of 0.2% left the stop rate at 4.932%--the highest for the sector since 2006. "The stop through ended the streak of five consecutive auction tails, a dynamic that bodes well for the 10-year auction," Lyngen said. "The outright level of yields proved enticing enough to bring in buyers for 3s, perhaps the same outcome will be the case for the 10s." (patrick.sheridan@wsj.com) (END) Dow Jones Newswires October 07, 2026 07:39 ET (11:39 GMT)
0739 ET - With $39 billion in 10-year notes slated for sale, today's Treasury auction will be closely watched to see how eager investors are to scoop up the debt. There were hopeful signs from Tuesday's 3-year auction according to BMO's Ian Lyngen. He called the 3-year auction "well received" compared to the 2-year, 5-year and 7-year auctions last month. Still, he said the modest stop-through of 0.2% left the stop rate at 4.932%--the highest for the sector since 2006. "The stop through ended the streak of five consecutive auction tails, a dynamic that bodes well for the 10-year auction," Lyngen said. "The outright level of yields proved enticing enough to bring in buyers for 3s, perhaps the same outcome will be the case for the 10s." (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
October 07, 2026 07:39 ET (11:39 GMT)
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