The US treasury auctioned off $22B of 30 year bonds. The folllowing are the results along with the resuilts of the major components compared to the 6 month averages:
- High yield 4.535%
- WI level at the time of the auction 4.523%
- Tail 1.2 bps vs 0.2 basis points aveeage
- Bid to cover 2.39X vs 2.44X average
- Directs (a measure of domestic demand) 19.1% vs 17.8%. average
- Indirects (a measure of international demand) 66.5% vs 67.7%.average
- Dealers 14.4% vs 14.5% average
This article was written by Greg Michalowski at www.forexlive.com.
