The Boock Report

The Boock Report

Share this post

The Boock Report
The Boock Report
A good 10 yr auction and have to ask why

A good 10 yr auction and have to ask why

Peter Boockvar
Feb 07, 2024
∙ Paid
Share

The 10 yr note auction was pretty good. The yield of 4.093% was about 1 bp below the when issued. The bid to cover of 2.56 was above the 12 month average of 2.49. Direct and indirect bidders took down 87% of the auction which is the most since August. 

Bottom line, while a good auction, one has to wonder whether the stress in bank stocks and the mortgage…

Keep reading with a 7-day free trial

Subscribe to The Boock Report to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Peter Boockvar
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share