Main PageMay 9, 2025

US treasury auctions off $25B of 30 year bonds at a high yield at 4.819%

  • High yield 4.819%
  • WI level at the time of the auction 4.812%
  • Tail +0.7 bps vs 6 month average of -0.3 bps
  • Bid to cover 2.31X vs 6 -month avg. of 2.45X
  • DIrects 27.21% vs 6 month average of 22.3%
  • Indirects 58.88% vs 6 month average of 63.9%

AUCTION GRADE: D+

Domestic demand is higher. International buying is lower. Bid to cover is below average and the Tail is positive and above the -0.3 bps average.

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