US treasury auctions off $42 billion of tenure notes at a high yield of 4.342%

Forex Short News
  • High yield 4.342%
  • WI yield before the auction 4.354%
  • Tail -1.2 basis points vs six-month average of 0.7 basis points
  • Bid to cover 2.60x versus the six month average of 2.59X
  • Direct 19.88% vs the six month average of16.8%^
  • Indirects 71.2% vs six month average of 70.0%
  • Dealers 8.93% versus the six month average of 13.2%

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