政府停摆或近尾声 美债价格周三上涨

Core Points - The U.S. Treasury issued $42 billion in 10-year bonds, with a bid-to-cover ratio of 2.43, indicating stable demand despite a slight decrease from the previous auction [1][2] - The 10-year bond yield closed at 4.0713%, down 4.47 basis points, while the 2-year bond yield fell to 3.5659%, down 2.49 basis points [1] - The Senate passed a temporary funding bill to end the government shutdown, which has delayed the release of key economic data [1] Group 1 - The 10-year bond auction yield was 4.074%, slightly above the pre-auction level of 4.068% but lower than the previous auction's yield of 4.117% [2] - The indirect bid ratio, reflecting foreign demand, was 67.0%, slightly up from 66.8% in the last auction, while the direct bid ratio from domestic investors was 22.6%, down from 24.1% [2] - Treasury Secretary Yellen indicated that the department is prepared to adjust bond issuance based on investor demand to avoid market disruption [2] Group 2 - The Treasury is closely monitoring potential long-term changes in demand for specific U.S. government bonds and will adjust issuance accordingly [2] - The stablecoin market is expected to grow tenfold over the next decade, potentially increasing demand for short-term bonds [2]