Reopening
10-Year Treasury Note auction result for July 8, 2026
The 10-Year Treasury Note reopening held on July 8, 2026 recorded an official high rate of 4.580% and a bid-to-cover ratio of 2.59. Bid-to-cover increased from 2.57 at the preceding comparable auction.
High yield
4.580%
Bid-to-cover
2.59
Direct bidders
9.7%
Primary dealers
7.0%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-08 | 9Y Note · reopening | High yield: 4.580% | 2.59 | $39.0B | 9.7% | 73.7% | 7.0% |
| 2026-06-10 | 9Y Note · reopening | High yield: 4.538% | 2.57 | $39.0B | 12.3% | 78.0% | 9.4% |