The third of the 3 coupon auctions will take place at 1 PM when the US treasury auctions off $25 billion of 30 year bonds.
The results of the auction will be compared to the components 6 month averages including:
- Bid to cover, 2.36X
- Tail, 0.3 basis points
- Directs (a measure of domestic demand) 26.0%
- Indirects (a measure of international demand) 61.6%
- Dealers 12.4%
The 3 year note auction on Monday was met with strong demand from both domestic and international buyers. The 10 year note auction was met with average demand.
This article was written by Greg Michalowski at investinglive.com.
