U.S. Treasury to complete its coupon auctions this week with sale of 30 year bonds.

One good auction on Monday (three-year note auction). One bad auction on Tuesday (10 year note).

Today the final coupon auction will take place with the sale of $22 billion of 30 year bonds at 1 PM ET. The six-month averages of the major components shows:

• Tail: 1.3 basis points.
• Bid-to-cover: 2.38x
• Directs (domestic buyers): 16.9%
• Indirect (international buyers). 66.1%
• Dealers: 17.0%

Last month the auction came in at 4.36%. The six-month average is at 4.481%.

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