Source Treasury Direct (latest release)
Measures Highest yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction;
Usual Effect No consistent effect - there are both risk and growth implications;
Frequency Conducted monthly;
Next Release Oct 13, 2016
FF Notes Auction results are reported in an 'X.XX|X.X' format - the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted);
Why Traders
Care Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;
Also Called Treasury Auction, Note Auction;