U.S. Treasury to auction off $12 billion of 20 year notes at the top of the hour | Forexlive

The U.S. Treasury will auction off $12 billion of 20 year notes at the top the hour. The major six-month averages are the major components shows:

• Bid to cover 2.62X
• Tail -0.7 basis points
• Directs (a measure of domestic demand) 18.2%
• Indirects (a measure of international demand) 71.7%
• Dealers 10.2%

The last auction last month came in at a high yield of 3.909%.