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US treasury auctions off $27 billion of 30 year bond at a high yield of 1.680%

November 12, 2020 by admin 0 Comments

30 year bond auction WI level at 1.674%

High yield 1.680%. Vs. WI level of 1.674%
Bid to cover 2.29x vs. six-month average of 2.31x
Dealers 21.56% vs. six-month average of 22.7%
Directs 16.5% vs. six-month average of 13.3%
Indirects 61.9% vs. six-month average of 64.1%

the auction was a bit of a mixed bag. The WI yield was lower at 1.674% vs. the high yield of 1.680%. That’s a negative. The bid to cover was around the six-month average. Neutral. Dealer participation came in just under the six-month average. Neutral to a little better.

Overall I give it the auction of C-.

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This article was originally published by Forexlive.com. Read the original article here.