The U.S. Treasury will auction off $25 billion of 30 year bonds at the top of the hour. The six-month averages of the key components shows:
- Tail -0.3 basis points
- Bid to Cover 2.45X
- Directs (domestic buyers) 22.3%
- Indirects (international buyers) 63.9%
- Dealers 13.8%
The last auction had a high yield of 4.813%. The current yield is at 4.816% not far from that level. At the last auction, the tail was -2.6 basis points with Bid to cover at 2.43X.
This article was written by Greg Michalowski at www.forexlive.com.
