U.S. Treasury to auction $38 billion of 10 year notes at the top of the hour. The six-month averages of the major components shows:
- Bid to cover 2.55X
- Tail -0.1 basis points
- Dealers 13.1%
- Directs 17.0%
- Indirects 69.9%
The last auction high yield came in at 4.235%. The current 10 year yield is currently much higher at 4.678%
This article was written by Greg Michalowski at www.forexlive.com.
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