According to Odaily, the yield on the US 10-year Treasury note has fallen to 4.15%, marking its lowest level in four months. Additionally, the US Treasury's reissuance of $13 billion in 20-year bonds resulted in a winning yield of 4.466%, closely aligning with the pre-auction trading level of 4.467% as of the 1 PM deadline in New York. Following the auction results, long-term Treasury bonds saw a slight strengthening, with the 20-year bond experiencing a modest increase throughout the day. The yield curve's flattening trend remained unchanged, with the 2s20s yield spread narrowing by 3.5 basis points, nearing its intraday low. Primary dealers were allocated 8.5% of the bonds, an increase from the previous month's record low. Indirect bidders received 77.2% of the allocation, while direct bidders were allocated 14.3%. The bid-to-cover ratio stood at 2.68 times, slightly above the six-issue reissuance average of 2.67 times.