The US Treasury's $39 billion 10-year note auction drew a bid-to-cover ratio of 2.71, the highest since 2016, at yields not seen since August

The US Treasury auctions $58B in 3-year notes alongside $39B in 10-year notes and $22B in 30-year bonds, testing bond market demand.

The US Treasury sold $92B in 3-month and $79B in 6-month bills at yields near 3.8%, with solid demand signaling stable short-term rate