The U.S. Treasury will complete their coupon auctions for the week with the sale of $22 billion and 30 year bonds at 1 PM ET. The auction results will be compared to the 6 month averages of the major components.
- The 3-year note auction on Tuesday was met with strong demand.
- The 10-year note auction yesterday was met with average demand.
What will the demand be for the longest treasury issue today?
Below are the 6 month averages of the major components:
- Tail -0.2 basis points.
- Bid to cover 2.37X
- Directs 25.8%
- Indirects 61.2%
- Dealers 13.0%
This article was written by Greg Michalowski at investinglive.com.