US treasury to auction off 10 year notes at the top of the hour | Forexlive

The U.S. Treasury will auction $32 billion of a 10 year notes at the top of the hour. The six-month averages of the major components shows:

• tail +0.1 basis points
• Bid to cover +2.6X
• Directs 18.7%
• Indirects 61.4%
• Dealers 19.9%

Last month the auction had a high yield of 3.81% which came in at the WI level at the time of the auction (no tail). The current 10 year yield is trading at 3.441%