The US treasury to auction off $24 billion of 30 year notes at the top of the hour | Forexlive

The U.S. Treasury will auction off $24 billion of 30 year bonds at the top of the hour.

Below are the key components of the auction, along with the 6-month averages of the components. Traders – and the market – will judge the success or failure of the auction versus the 6-month averages:

• High Yield: 6-auction average 4.155%, prev. 4.837%
• Tail: 6-auction average 0.9bps, prev. 3.7bps
• Bid-to-Cover: 6-auction avg. 2.44x, prev. 2.35x
• Dealers: 6-auction avg. 12.7%, prev. 18.2%
• Directs (a measure of domestic demand): 6-auction avg. 18.6%, prev. 16.7%
• Indirects (a measure of international demand) : 6-auction avg. 68.6%, prev. 65.1%

The treasury auctioned off a 3 and a 10 year notes on Tuesday and Wednesday respectively. The auctions were met with average demand.