The U.S. Treasury will auction off $69 billion to your notes at 1 PM ET. The auction results will be compared to the six month averages of the major components including:
- Tail six month average -0.3 basis points
- Bid to cover 2.62X
- Directs 17.6%
- Indirects (international buyers) 71.3%
- Dealers 11.1%
This article was written by Greg Michalowski at www.forexlive.com.