Beth Stanton
@bethstanton.bsky.social
Bloomberg News editor for US interest rates. Monitoring Treasuries, futures, TIPS since 1997. Daily posts on US Treasury market on the former bird site (beth_stanton) since June 2020. Opinions mine.
Pinned
#TreasuriesToday: Yields higher by 1bp-2bp inside Tuesday's rally ranges. Week's auctions conclude with $44b 7Y at 11:30am (vs usual 1pm ahead of tomorrow's US 🦃 holiday, but market hours are regular). WI yield near 3.77% is lower than 7Y auction results since Sept 2024.
November 26, 2025 at 12:44 PM
#TreasuriesToday: Yields higher by 1bp-2bp inside Tuesday's rally ranges. Week's auctions conclude with $44b 7Y at 11:30am (vs usual 1pm ahead of tomorrow's US 🦃 holiday, but market hours are regular). WI yield near 3.77% is lower than 7Y auction results since Sept 2024.
Correction: auction yield was lowest since September 2024 & wasn't ever indicated to be lower than that.
#TreasuriesToday: Yields narrowly mixed with curve slightly flatter. $70b 5Y note auction at 1pm has WI yield near 3.60%, lower than 5Y auction results since Aug 2022. New 2Y 3.49%, near even with Monday's auction result. Buyback of up to $750m of 1Y-10Y TIPS closes at 2pm.
November 25, 2025 at 6:35 PM
Correction: auction yield was lowest since September 2024 & wasn't ever indicated to be lower than that.
#TreasuriesToday: Yields narrowly mixed with curve slightly flatter. $70b 5Y note auction at 1pm has WI yield near 3.60%, lower than 5Y auction results since Aug 2022. New 2Y 3.49%, near even with Monday's auction result. Buyback of up to $750m of 1Y-10Y TIPS closes at 2pm.
November 25, 2025 at 12:44 PM
#TreasuriesToday: Yields narrowly mixed with curve slightly flatter. $70b 5Y note auction at 1pm has WI yield near 3.60%, lower than 5Y auction results since Aug 2022. New 2Y 3.49%, near even with Monday's auction result. Buyback of up to $750m of 1Y-10Y TIPS closes at 2pm.
#TreasuriesToday: Yields mixed with curve flatter (30Y lower by 3bp). $69b 2Y auction at 1pm (a day earlier than usual because US holiday Thurs) has WI yield near 3.49%, would be lowest result since 2022. Friday's month-end index changes to extend its duration by 0.11 year (est).
November 24, 2025 at 12:51 PM
#TreasuriesToday: Yields mixed with curve flatter (30Y lower by 3bp). $69b 2Y auction at 1pm (a day earlier than usual because US holiday Thurs) has WI yield near 3.49%, would be lowest result since 2022. Friday's month-end index changes to extend its duration by 0.11 year (est).
#TreasuriesToday: Yields lower by 2bp-3bp, 2Y-10Y at monthly lows, as Fed's Williams revives Dec rate cut possibility. Dec options expire. Auctions next 🦃 week: $69b 2Y Mon, $70b 5Y Tues, $44b 7Y (Weds at 11:30am despite regular market hours). Early closes Fri (month-end).
November 21, 2025 at 12:53 PM
#TreasuriesToday: Yields lower by 2bp-3bp, 2Y-10Y at monthly lows, as Fed's Williams revives Dec rate cut possibility. Dec options expire. Auctions next 🦃 week: $69b 2Y Mon, $70b 5Y Tues, $44b 7Y (Weds at 11:30am despite regular market hours). Early closes Fri (month-end).
#TreasuriesToday: Yields higher by as much as 2bp with curve flatter. $19b 10Y TIPS reopening (2nd) at 1pm has WI yield near 1.85%. Next week's auction sizes at 11am: $69b 2Y, $70b 5Y & $44b 7Y projected. Buyback of up to $2b in 20Y-30Y sector closes at 2pm.
November 20, 2025 at 12:47 PM
#TreasuriesToday: Yields higher by as much as 2bp with curve flatter. $19b 10Y TIPS reopening (2nd) at 1pm has WI yield near 1.85%. Next week's auction sizes at 11am: $69b 2Y, $70b 5Y & $44b 7Y projected. Buyback of up to $2b in 20Y-30Y sector closes at 2pm.
#TreasuriesToday: Yields little changed. $16b 20Y new-issue auction at 1pm has WI yield near 4.71%, higher than last two monthly results. $19b 10Y TIPS reopening (2nd) ahead Thurs is first TIPS auction since US govt said Oct CPI is unlikely, implying fallback will be used.
November 19, 2025 at 12:39 PM
#TreasuriesToday: Yields little changed. $16b 20Y new-issue auction at 1pm has WI yield near 4.71%, higher than last two monthly results. $19b 10Y TIPS reopening (2nd) ahead Thurs is first TIPS auction since US govt said Oct CPI is unlikely, implying fallback will be used.
#TreasuriesToday: Yields lower by 2bp-5bp with stocks down globally. Buyback of up to $4b in 5Y-7Y sector closes at 2pm. Another big day for corporate bond issuance is expected. Auctions ahead this week: $16b 20Y new issue Weds, $19b 10Y TIPS reopening (2nd) Thurs.
November 18, 2025 at 12:36 PM
#TreasuriesToday: Yields lower by 2bp-5bp with stocks down globally. Buyback of up to $4b in 5Y-7Y sector closes at 2pm. Another big day for corporate bond issuance is expected. Auctions ahead this week: $16b 20Y new issue Weds, $19b 10Y TIPS reopening (2nd) Thurs.
#TreasuriesToday: Yields lower by 1bp-3bp inside Friday's selloff ranges, led by UK bond market. Curve flatter. $125b coupon auction settlement ($26.7b net). Auctions ahead this week: $16b 20Y new issue Wednesday, $19b 10Y TIPS reopening (2nd) Thursday.
November 17, 2025 at 12:39 PM
#TreasuriesToday: Yields lower by 1bp-3bp inside Friday's selloff ranges, led by UK bond market. Curve flatter. $125b coupon auction settlement ($26.7b net). Auctions ahead this week: $16b 20Y new issue Wednesday, $19b 10Y TIPS reopening (2nd) Thursday.
#TreasuriesToday: Yields lower by 3bp-6bp amid tech-led slump in US stock index futures, after erasing increases that were paced by curve-steepening selloff in UK gilts. Auctions ahead next week: $16b 20Y new issue Weds, $19b 10Y TIPS reopening (2nd) Thurs.
November 14, 2025 at 12:50 PM
#TreasuriesToday: Yields lower by 3bp-6bp amid tech-led slump in US stock index futures, after erasing increases that were paced by curve-steepening selloff in UK gilts. Auctions ahead next week: $16b 20Y new issue Weds, $19b 10Y TIPS reopening (2nd) Thurs.
#TreasuriesToday: Yields higher by 1bp-2bp. $25b 30Y new-issue auction at 1pm concludes quarterly refunding. WI yield near 4.68% is between last two 30Y results. Next week's auction sizes at 11am: $16b 20Y new issue, $19b 10Y TIPS reopening (2nd) projected.
November 13, 2025 at 12:34 PM
#TreasuriesToday: Yields higher by 1bp-2bp. $25b 30Y new-issue auction at 1pm concludes quarterly refunding. WI yield near 4.68% is between last two 30Y results. Next week's auction sizes at 11am: $16b 20Y new issue, $19b 10Y TIPS reopening (2nd) projected.
#TreasuriesToday: Yields lower by 2bp-4bp, narrowing gap with futures which gained during a regular session Tuesday while cash was closed. $42b 10Y new-issue auction at 1pm has WI yield near 4.10%. Buyback of up to $500m of long-dated TIPS closes at 2pm.
November 12, 2025 at 12:36 PM
#TreasuriesToday: Yields lower by 2bp-4bp, narrowing gap with futures which gained during a regular session Tuesday while cash was closed. $42b 10Y new-issue auction at 1pm has WI yield near 4.10%. Buyback of up to $500m of long-dated TIPS closes at 2pm.
#TreasuriesToday: Yields higher by 3bp-4bp with stock futures green. $58b 3Y auction at 1pm, day earlier than usual because cash market closed Tues globally w/Fed for Veterans Day & per SIFMA reco (but CME futures & US stocks have regular schedule).
November 10, 2025 at 12:40 PM
#TreasuriesToday: Yields higher by 3bp-4bp with stock futures green. $58b 3Y auction at 1pm, day earlier than usual because cash market closed Tues globally w/Fed for Veterans Day & per SIFMA reco (but CME futures & US stocks have regular schedule).
#TreasuriesToday: Yields near flat. Ahead next week: 1st coupon auctions of Nov-Jan financing quarter -- $58b 3Y Mon, $42b 10Y Weds & $25b 30Y Thurs (cash market closed Tues globally w/Fed for Veterans Day & per @SIFMA reco, but CME futures & US stocks have regular schedule).
November 7, 2025 at 12:46 PM
#TreasuriesToday: Yields near flat. Ahead next week: 1st coupon auctions of Nov-Jan financing quarter -- $58b 3Y Mon, $42b 10Y Weds & $25b 30Y Thurs (cash market closed Tues globally w/Fed for Veterans Day & per @SIFMA reco, but CME futures & US stocks have regular schedule).
#TreasuriesToday: Yields lower by 2bp-3bp inside Wednesday's selloff ranges (which included highest 10Y & 30Y yields since Oct. 7, highest 2Y & 5Y since late September). First auctions of Nov-Jan financing quarter begin Monday (banks closed Tuesday) with $58b 3Y.
November 6, 2025 at 12:44 PM
#TreasuriesToday: Yields lower by 2bp-3bp inside Wednesday's selloff ranges (which included highest 10Y & 30Y yields since Oct. 7, highest 2Y & 5Y since late September). First auctions of Nov-Jan financing quarter begin Monday (banks closed Tuesday) with $58b 3Y.
#TreasuriesToday: Yields little changed. Treasury announces financing plans for November-January quarter at 8:30am, is seen keeping nominal coupon auction sizes (& maybe TIPS too) steady. For next week that would mean $58b 3Y, $42b 10Y & $25b 30Y new issues.
November 5, 2025 at 12:41 PM
#TreasuriesToday: Yields little changed. Treasury announces financing plans for November-January quarter at 8:30am, is seen keeping nominal coupon auction sizes (& maybe TIPS too) steady. For next week that would mean $58b 3Y, $42b 10Y & $25b 30Y new issues.
#TreasuriesToday: Yields lower by 1bp-3bp with curve steeper. Stock futures red. Ahead Wednesday: Treasury announces financing plans for November-January quarter, is seen keeping nominal coupon auction sizes (& maybe TIPS too) steady. First up is 3Y on Nov. 10.
November 4, 2025 at 12:42 PM
#TreasuriesToday: Yields lower by 1bp-3bp with curve steeper. Stock futures red. Ahead Wednesday: Treasury announces financing plans for November-January quarter, is seen keeping nominal coupon auction sizes (& maybe TIPS too) steady. First up is 3Y on Nov. 10.
#TreasuriesToday: Yields higher by 1bp-3bp, all but 30Y still inside Friday's ranges. October index return 0.6%, YTD 6%. Ahead this week: Treasury announces financing plans for November-January quarter on Wednesday. Coupon auctions resume with 3Y on Nov. 10.
November 3, 2025 at 12:50 PM
#TreasuriesToday: Yields higher by 1bp-3bp, all but 30Y still inside Friday's ranges. October index return 0.6%, YTD 6%. Ahead this week: Treasury announces financing plans for November-January quarter on Wednesday. Coupon auctions resume with 3Y on Nov. 10.
#TreasuriesToday: Yields little changed in tiny daily ranges. $252b coupon settlement ($58.3b net). Month-end rebalancing at 4pm to extend index duration by estimated 0.06 year. Ahead next week: Treasury announces financing plans for Nov-Jan quarter on Wednesday.
October 31, 2025 at 11:36 AM
#TreasuriesToday: Yields little changed in tiny daily ranges. $252b coupon settlement ($58.3b net). Month-end rebalancing at 4pm to extend index duration by estimated 0.06 year. Ahead next week: Treasury announces financing plans for Nov-Jan quarter on Wednesday.
#TreasuriesToday: Yields higher by 1bp-3bp following Wednesday selloff (among year's 10 largest, lifting all but 30Y at least 10bp & leaving this week's auctions -- last until Nov. 10 -- under water). Market-implied odds of Fed rate cut in December erode to around 60%.
October 30, 2025 at 11:47 AM
#TreasuriesToday: Yields higher by 1bp-3bp following Wednesday selloff (among year's 10 largest, lifting all but 30Y at least 10bp & leaving this week's auctions -- last until Nov. 10 -- under water). Market-implied odds of Fed rate cut in December erode to around 60%.
#TreasuriesToday: Yields higher by 1bp-2bp inside Tuesday's tiny ranges (for 10Y, 3.5bp, among year's smallest). This week's auctions completed quarterly cycle, with next beginning Nov. 10. Friday's month-end index rebalancing to extend its duration by estimated 0.06yr.
October 29, 2025 at 11:35 AM
#TreasuriesToday: Yields higher by 1bp-2bp inside Tuesday's tiny ranges (for 10Y, 3.5bp, among year's smallest). This week's auctions completed quarterly cycle, with next beginning Nov. 10. Friday's month-end index rebalancing to extend its duration by estimated 0.06yr.
#TreasuriesToday: Yields little changed near Monday's lows. Accelerated & compressed auction cycle concludes with $44b 7Y at 1pm. WI yield ~3.78% is lower than 7Y auction results since Sept 2024. Buyback of up to $2b in 20Y-30Y sector closes at 2pm.
October 28, 2025 at 12:04 PM
#TreasuriesToday: Yields little changed near Monday's lows. Accelerated & compressed auction cycle concludes with $44b 7Y at 1pm. WI yield ~3.78% is lower than 7Y auction results since Sept 2024. Buyback of up to $2b in 20Y-30Y sector closes at 2pm.
#TreasuriesToday: Yields higher by 2bp-3bp with stock futures green. Accelerated & compressed auction cycle begins with $69b 2Y at 11:30am, $70b 5Y at 1pm. WI 2Y yield (~3.50%) is below auction results since 2022, WI 5Y (~3.64%) since September 2024.
October 27, 2025 at 11:39 AM
#TreasuriesToday: Yields higher by 2bp-3bp with stock futures green. Accelerated & compressed auction cycle begins with $69b 2Y at 11:30am, $70b 5Y at 1pm. WI 2Y yield (~3.50%) is below auction results since 2022, WI 5Y (~3.64%) since September 2024.
#TreasuriesToday: Yields slightly higher following yesterday's oil-driven selloff. November options expire. Accelerated & compressed auction cycle ahead next week (last coupons of the Aug-Oct financing quarter): $69b 2Y & $70b 5Y Monday, $44b 7Y Tuesday.
October 24, 2025 at 11:36 AM
#TreasuriesToday: Yields slightly higher following yesterday's oil-driven selloff. November options expire. Accelerated & compressed auction cycle ahead next week (last coupons of the Aug-Oct financing quarter): $69b 2Y & $70b 5Y Monday, $44b 7Y Tuesday.
#TreasuriesToday: Yields higher by 2bp-5bp amid oil price surge. Curve steeper. $26b 5Y TIPS new-auction at 1pm. WI yield near 1.16% is ~4.5bp richer than the April 2030 (has better inflation seasonals). Next week's auction sizes at 11am: $69b 2Y, $70b 5Y, $44b 7Y projected.
October 23, 2025 at 11:34 AM
#TreasuriesToday: Yields higher by 2bp-5bp amid oil price surge. Curve steeper. $26b 5Y TIPS new-auction at 1pm. WI yield near 1.16% is ~4.5bp richer than the April 2030 (has better inflation seasonals). Next week's auction sizes at 11am: $69b 2Y, $70b 5Y, $44b 7Y projected.