US auctions off $27B of 10 year notes at a high yield of 2.689%

News

Bid to cover at 2.35x vs 2.51X prior

  • High yield of 2.689% versus WI yield of 2.681%
  • Bid to cover 2.35x vs 2.51x at last auction
  • indirects accepted 59.5% versus 56.9% prior auction
  • directs 12.2% versus 20.8% prior auction
  • 28.4% to primary dealers
  • the 10 year notes sold at the lowest yield since January 2018

Looking at the daily chart of the 10 year, the high yield peaked at 3.2594% in early October. The yield moved to a low in January at 2.5412%.  The last month or so has been between 2.54% on the bottom and 2.80% on the topside.  The 50% of the move up from the September 2017 low comes in at 2.6369%.   The low last week took a peek below that level but bounced higher.   A move below would tilt toward the downside.  Stay above favors the upside.

Overall auction was a D with a tail and demand light.

Products You May Like

Articles You May Like

Moving Average Cross My best Forex Trading Strategy. MA crossover. by Asirfx
Recycling, White House style
Is The Chinese Slowdown Set To Eat Over $2.5 Billion From ArcelorMittal’s Revenue Base?
Just How Unusual Are the Related Party Transactions Disclosed in The We Company’s S-1 Filing?
ICYMI: Canada’s Alberta extends oil curtailments through 2020 due to slow pipeline progress

Leave a Reply

Your email address will not be published. Required fields are marked *