美国财政部发行690亿美元2年期国债，中标收益率为3.455%，略高于美东时间下午1点投标截止时的发 行前交易水平为3.454%，不过仍为2022年8月以来最低。短端对这一结果反应平淡，该期限收益率日内 仍上升逾2个基点，2s10s利差趋平约1.5个基点。 一级交易商获配比例为9.8%，高于此前，间接投标人获配比例降至55.9%，而直接投标人获配比例升至 34.2%，为纪录最高水平之一。 投标倍数为2.63倍，而前六次均值为2.63倍。 责任编辑：丁文武 美国财政部发行690亿美元2年期国债，中标收益率为3.455%，略高于美东时间下午1点投标截止时的发 行前交易水平为3.454%，不过仍为2022年8月以来最低。短端对这一结果反应平淡，该期限收益率日内 仍上升逾2个基点，2s10s利差趋平约1.5个基点。 一级交易商获配比例为9.8%，高于此前，间接投标人获配比例降至55.9%，而直接投标人获配比例升至 34.2%，为纪录最高水平之一。 投标倍数为2.63倍，而前六次均值为2.63倍。 责任编辑：丁文武 ...

美国以3.600%的高利率出售三个月期国债，以该高利率承接了96.06%的投标。 美国3个月期国债投标倍 数为2.81。 ...

Core Viewpoint - The U.S. Treasury issued $58 billion in 3-year notes with a high yield of 3.609%, indicating slightly stronger than expected demand, although market reaction was limited with yields rising approximately 1.5 basis points [1][3]. Group 1: Auction Details - The bid-to-cover ratio was 2.65, aligning with the average of the past six auctions [2][4]. - Primary dealers received 14% of the allocation, the highest since August [1][3]. - Indirect bidders' allocation dropped to 56.5%, while direct bidders' allocation rose to a record 29.5% [1][3]. Group 2: Market Reaction - The yield on 3-year notes increased by about 1.5 basis points during the day, approaching the day's high, with the yield curve generally steepening [1][3].

Core Points - The U.S. Treasury auctioned four-year and eight-year government bonds with a winning yield of 4.290% for both maturities, reflecting an increase from the previous auction yields of 4.245% and 4.265% respectively [1] - The bid-to-cover ratio for the four-year bonds was 2.63, slightly down from the previous ratio of 2.69, while the eight-year bonds had a bid-to-cover ratio of 2.52, also lower than the prior 2.63 [1]

Core Insights - The auction for 7-year U.S. Treasury bonds held on July 29 showed a bid-to-cover ratio of 2.79, an increase from the previous value of 2.53 [1] Group 1 - The bid-to-cover ratio indicates strong demand for the 7-year Treasury bonds, suggesting investor confidence in U.S. government securities [1]

Core Viewpoint - The U.S. Treasury conducted auctions for both four-year and eight-year government bonds, with slight changes in yield rates and bid-to-cover ratios compared to previous auctions [1] Summary by Category Four-Year Treasury Auction - The awarded yield rate was 4.245%, an increase from the previous rate of 4.230% [1] - The bid-to-cover ratio was 2.69, down from the prior ratio of 2.91 [1] Eight-Year Treasury Auction - The awarded yield rate was 4.265%, slightly lower than the previous rate of 4.270% [1] - The bid-to-cover ratio was 2.63, an increase from the previous ratio of 2.60 [1]

Group 1 - The core point of the article highlights that the bid-to-cover ratio for the 4-month U.S. Treasury auction as of July 23 increased to 3.55 from a previous value of 3.02, indicating stronger demand for the bonds [1]

Group 1 - The U.S. Treasury auctioned 13-week (3-month) bills with a winning yield of 4.240%, slightly down from 4.245% on July 14 [1] - The bid-to-cover ratio for the 13-week bills was 2.98, compared to 3.10 in the previous auction [1] - The auction of 26-week (6-month) bills had a winning yield of 4.115%, down from 4.125% in the last auction [1] Group 2 - The bid-to-cover ratio for the 26-week bills was 3.06, also lower than the previous ratio of 3.10 [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for the 6-month U.S. Treasury bill auction held on July 21 was 3.06, slightly down from the previous value of 3.1 [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for the U.S. 8-week Treasury auction as of July 10 is 2.86, which is a decrease from the previous value of 3.1 [1]