RSS U.S. Treasury auctions off $22 billion of 30 year bonds at a high yield of 4.913%

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 RSS U.S. Treasury auctions off $22 billion of 30 year bonds at a high yield of 4.913%

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  • High-yield 4.913%
  • WI level at the time of the auction 4.920%
  • Bid to cover: 2.52X versus the six month average of 2.42X
  • Tail: -0.7 basis point versus six month average of +0.7 bps
  • Directs (domestic demand): 20.7% versus a six month average of 18.0%
  • Indirects (international demand) 66.6% versus a six month average of 67.4%
  • Dealers : 12.66% versus six month average of 14.6%.

Auction Grade: A-

Details:The bid to cover was better than the six month average. The Tail was--0.7 basis points compared to a positive tail average over the last six months of +0.7 basis points. Directs were better than the average, and international demand was modestly lower than the average.

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