Techub News reports that, according to CryptoBriefing, the Federal Reserve submitted a $10 billion bid in the latest 10-year Treasury bond auction, with a bid-to-cover ratio of 2.6 times and indirect demand accounting for 71.2%. The auction results will influence U.S. Treasury yields and, in turn, have a significant impact on the pricing of risk assets including Bitcoin. The market typically gauges investor demand strength through the bid-to-cover ratio; a higher ratio indicates stronger demand. When actual yields rise, the holding costs for non-yield assets like Bitcoin increase, often leading to downward price pressure. The U.S. Treasury has scheduled the next 10-year Treasury bond auction for May 15, 2026.