According to online reports, the U.S. Treasury Department issued US$42 billion in 10-year treasury bonds, with a winning bid yield of 4.342%, which was lower than the pre-issue trading level of 4.354% at the bidding deadline at 1 pm New York time. Treasury bonds subsequently rose, with the 10-year yield falling to an intraday low of 4.32%, falling more than 2 basis points during the day.