U.S. Treasury auctioned off $24 billion of 20 year bonds at 1.890%


WI yield at the time of auction 1.878%

  • Tail +1.2 basis point. The six month average was 0.0 basis points
  • High yield 1.890% versus WI of 1.878%
  • Bid to cover 2.33x versus six month average of 2.33x.
  • Directs 18.94% versus 17.9% six month average
  • Indirects 60.16% versus six month average of 58.9%
  • Dealers 20.91% versus 23.1% six month average of 23.1%

I would give the auction a grade of a C+/B-

  • The high yield was 1.2 basis points above the WI yield at the time of the auction
  • The bid the cover was equal to the six month average
  • The dealers took less than the six month average helped by decent demand from foreign indirect buyers (albeit at at a higher yield than the WI level). There was also greater than average domestic demand

Invest in yourself. See our forex education hub.



Source link

Website Worth Calculatorsiteprice.org domain valuewebsite worth domain value

Leave a Reply

Your email address will not be published. Required fields are marked *