US treasury to auction $25B of 30 year bond at the top of the hour

The US treasury will auction off $25 billion of 30 year bonds at the top of the hour. This will conclude the coupon auctions for the week.

The 3 year note auction was met was met with strong demand. The 10 year note auction yesterday was average demand.

A look at the six-month averages of the major components shows:

• Tail 0.2 basis points
• Bid to cover 2.46X
• Directs (domestic demand) 17.6%
• Indirects (international demand) 68.4%
• Dealers 14.0%

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