The US treasury will complete their auction cycle for the week a day early as a result of the Thanksgiving holiday on Thursday. They will auction off $35 billion of 7 year notes at the top of the hour. The current yield is around 3.883%.
The six-month averages of the major components shows:
- bid to cover 2.57X
- Tail -0.4 basis points
- Directs 19.6%
- Indirects 68.7%
- Dealers 11.7%
The last auction high yield came in at 4.027% with a tail of 1.1 basis points.
This article was originally published by Forexlive.com. Read the original article here.