US treasury auctions off US$24 billion of 10 year notes at 2.129%


WI level of the 10 year note at the auction time was 2.129%

  • high-yield rate 2.13%
  • WI was at 2.129% at the auction time
  • bid to cover 2.49x. Higher than the six-month average of 2.42x
  • Directs 13.6%
  • indirects 65.6% (proxy for foreign buyers). Higher than the 61.8% average.
  • dealers take 20.8%. Lower than the 25.5% average over the last 6 auctions

The auction is decent. The only negative was the small-tail.  The bid to cover was higher than the six-month average. Foreign interest was also higher. Dealers did not get loaded down with the auction as well.  


Products You May Like

Articles You May Like

Gold sheds 1% as risk appetite recovers
‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market
South Korea again with the forex intervention comments
Moving Average Cross My best Forex Trading Strategy. MA crossover. by Asirfx
RBA QE probability now 40% – Nomura

Leave a Reply

Your email address will not be published.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