U.S. Pays Highest Borrowing Costs for 10-Year Notes Since 2000
Dow Jones2026/10/07 17:26By Paulo Trevisani The U.S. Treasury auctioned $39 billion in 10-year notes Wednesday as investors demand high compensation for long-term risk. The notes sold at a yield of 5.300%, the highest since an auction held in November 2000, which had a high yield of 5.865%. Demand indicators were robust. The bid-to-cover ratio was 2.77, up from a six-month average of 2.54. The auction cleared at a lower cost than the 5.318% when-issued yield at the time of the tender. Indirect bidders, a group that includes foreign investors, acquired 80.3% of the offer, after averaging 74.1% in the previous six months. The on-the-run 10-year yield dropped to 5.273% from 5.316% following the auction. It had traded as high as 5.361% earlier in the day. Write to Paulo Trevisani at paulo.trevisani@wsj.com. (END) Dow Jones Newswires October 07, 2026 13:26 ET (17:26 GMT)
By Paulo Trevisani
The U.S. Treasury auctioned $39 billion in 10-year notes Wednesday as investors demand high compensation for long-term risk.
The notes sold at a yield of 5.300%, the highest since an auction held in November 2000, which had a high yield of 5.865%.
Demand indicators were robust. The bid-to-cover ratio was 2.77, up from a six-month average of 2.54.
The auction cleared at a lower cost than the 5.318% when-issued yield at the time of the tender.
Indirect bidders, a group that includes foreign investors, acquired 80.3% of the offer, after averaging 74.1% in the previous six months.
The on-the-run 10-year yield dropped to 5.273% from 5.316% following the auction. It had traded as high as 5.361% earlier in the day.
Write to Paulo Trevisani at paulo.trevisani@wsj.com.
(END) Dow Jones Newswires
October 07, 2026 13:26 ET (17:26 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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