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U.S. Treasury to auction off $15 billion of new 20 year bonds at the top of the hour | Forexlive

The U.S. Treasury will auction off $15 billion of 20 year bonds at the top of the hour. This is a new issue (not a reissue)

The six-month averages of the major components shows:

  • bid to cover 2.6X
  • Directs (a measure of domestic demand) 17.5%
  • Indirects (a measure of international demand) 71.7%
  • Dealers (they take the balance) 10.9%
  • Tail -0.6 basis points

The last auction had a high yield of 3.678% and a tail of -2.7 basis points. Since then yields have moved higher.