10 Year Note Auction Results

One quarter of the accepted bids came from direct (anonymous) bidders. This was a huge jump from April and represents the highest participation rate from this group since the crisis began. The drop in primary dealer participation rate to 33% was shocking. Remember these numbers and trends the next time someone suggests the sovereign debt crisis is limited to Europe or euro zone.

10 Year Note Auction Results:


Source: treasurydirect.gov