Stock Market Update
10-Jun-26 13:35 ET
$39 billion 10-year note reopening
Dow -719.29
at 50152.82,
Nasdaq -391.50
at 25308.31,
S&P -87.21
at 7299.44
[BRIEFING.COM] The major averages remain near session lows in the early afternoon hours.
Meanwhile, the 10-year yield is just off the top of today's three-basis point range in immediate reaction to the just-completed $39 billion 10-year note reopening. The sale met good demand with the high yield stopping through the when-issued yield by a tenth of a basis point. Meanwhile, the bid-to-cover ratio (2.59x vs 2.48x average) and indirect takedown (78.2% vs 68.8% average) were well above average.
