U.S. Treasury sells $22 billion a 30 year bonds at a high yield of 4.844%

  • High yield 4.844%
  • WI level at the time of the auction 4.859%.
  • Tail -1.5 basis points versus a six month average up +0.1 basis points.
  • Bid-to-cover 2.43X vs six month average of 2.39X
  • Directs (domestic buyers) 23.4% versus six month average up 22.3%
  • Indirects 65.2% versus six month average of 63.2%
  • Dealers 11.4% versus six month average of 14.4%

AUCTION GRADE: A

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