The U.S. Treasury sold $58 billion of three-year notes at a 4.627% yield on November 9, 2026, with foreign-linked buyers taking their smallest share in 15 months at 55.5%. Direct bidders, including domestic investors, took their largest share since at least 2018 at 35.0%. Despite expectations of a Fed rate hike, the auction priced at a lower yield than October's. This shift in buyer mix could influence longer-term yields and borrowing costs, with key upcoming CPI data and further Treasury auctions set to clarify market trends.
The latest auction saw foreign-linked buyers take a smaller share, which may influence demand for short-term Treasury bonds. On Pluang, the iShares 1-3 Year Treasury Bond ETF (SHY) trades at USD 81.33, down 0.31% as of Nov 11, 2026 02:51 WIB. This shows some cautious sentiment among investors in short-term government debt.
