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

U.S. Treasury to auction off $15 billion of 20 year bonds at the top of the hour. The six-month average of the major components shows:Bid to cover 2.65XTail -1.0 basis pointsDirects (a measure of domestic demand), 18.0%Indirects (a measure of international demand), 72.5%Dealers (they take the rest), 9.5%The last auction had a high yield of 3.92% and a tail of 0.2 basis points. The bid to cover it was near the average at 2.66X This article was written by Greg Michalowski at www.f... Read More

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Posted: May 17 2023, 16:53

Author Name: forexlive

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