The US treasury will auction off $13 billion of 20 year bonds at the top of the hour. The success or failure of the auction will be compared to the six-month averages of the major components:
- Tail 1.3 bps
- Bid to cover 2.52X
- Directs (a measure of domestic demand) 16.9%
- Indirects (a measure of international demand) 66.2%
- Dealers (they take the rest) 16.9%
This article was written by Greg Michalowski at www.forexlive.com.
