US treasury sells $13B of 20 year bonds at a high yield of 4.686%

• High yield 4.686%
• WI level at the time of the auction

Details

• Tail: 6-month average 0.6bps
• Bid-to-Cover: 6-month average 2.57x
• Dealers: 6-month average 13.3%
• Directs ( a measure of domestic demand): 6-month average 15.3%
• Indirects (a measure of international demand): 6-month average 71.4%

This article was written by Greg Michalowski at www.forexlive.com.