US treasury to auction off $13 billion of 20 year bonds at the top of the hour

At the top of the hour, the US treasury will auction off their billion dollars of 20 year bonds.

• High Yield:

• Last: 4.16%

• Six-auction average: 4.512%

• Tail: The difference between the WI level and the high yield

• Last: -0.1bps

• Six-auction average: -1.3bps

• Bid-to-Cover:

• Last: 2.54x

• Six-auction average: 2.68x

• Dealer Participation:

• Last: 9.7%

• Six-auction average: 8.7%

• Direct Bidders: A measure of domestic demand

• Last: 19.3%

• Six-auction average: 17.1%

• Indirect Bidders: A measure of international demand

• Last: 71.0%

• Six-auction average: 74.2%

This article was written by Greg Michalowski at www.forexlive.com.