Historical Year Data · 2025

10-Year Note Auction Bid-to-Cover in 2025

10-Year Note Auction Bid-to-Cover opened 2025 at 2.53 and closed at 2.55, a +0.79% move for the year. The high of 2.67 was reached on April 9, and the low of 2.35 on August 6.

Open

2.53

2025-01

2.55

12 data points

High

2.67

Apr 9

Low

2.35

Aug 6

Full Year Change

+0.79%

2024 Change

+5.47%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.53	2.53	2.53	2.53	+0.00%
Feb	2.48	2.48	2.48	2.48	+0.00%
Mar	2.59	2.59	2.59	2.59	+0.00%
Apr	2.67	2.67	2.67	2.67	+0.00%
May	2.6	2.6	2.6	2.6	+0.00%
Jun	2.52	2.52	2.52	2.52	+0.00%
Jul	2.61	2.61	2.61	2.61	+0.00%
Aug	2.35	2.35	2.35	2.35	+0.00%
Sep	2.65	2.65	2.65	2.65	+0.00%
Oct	2.48	2.48	2.48	2.48	+0.00%
Nov	2.43	2.43	2.43	2.43	+0.00%
Dec	2.55	2.55	2.55	2.55	+0.00%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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