Not as good as 3 yr but 10 yr auction was good

After the solid 3 yr note auction yesterday, today’s 10 yr auction was good, not great. The yield of 3.999% was about spot on to where the when issued was yielding right before. The bid to cover of 2.56 was a positive, above the one yr average of 2.42 and direct and indirect bidders took down 90.5% of the auction, the 2^nd most since February 2022.