US treasury to $32 billion a 10 year notes that the top of the hour | Forexlive

The US treasury will auction off $32 billion of 10-year notes at the top of the hour. The 6-month averages of the major auction components for the issue show:

• Bid to cover 2.38X
• Tail 1.8 basis points
• Directs (a measure of domestic demand) 20.0%
• Indirects (a measure of international demand) 61.8%
• Dealers (they take the rest) 18.2%

At the last auction, the high yield came in at 3.791%. The tail was 1.5 basis points and the bid the cover was 2.36X.