US treasury auctions off $12 billion of 20 year notes at a high yield of 3.920% | Forexlive
- WI level at the time of the auction 3.918%
- WI level at the time of the auction 3.918%
- High-yield 3.918%
- Tail 0.2 basis points versus -0.7 basis points 6 month average
- Bid to cover 2.66X versus 2.62X 6 month average
- Tail versus -0.7 basis points 6 month average
- Directs (a measure of domestic demand) 19.24% versus 18.2% 6 month average
- Indirects (a measure of international demand) 68.72% versus 71.7% 6 month average
- Dealers 12.05% versus 10.2% 6 month average
Auction grade: C