What is it? It checks the average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction.
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.
When? December 30th at 4:00am Eastern Time.
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