The US treasury sold $42 billion of 10-year notes that at high yield of 4.468%

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The U.S. Treasury sold $42 billion of 10 year notes at a high yield of 4.468%

  • WI level at the time of the auction 4.464%
  • Bid to cover 2.400X
  • Tail 0.4 basis points
  • Directs 24.07%
  • Indirects 63.95%
  • Dealers 11.98%

The domestic buyers were better than the 6 month average but the international buyers were much less than the average (63.9% vs 68.5%)

Not great but below average. It is the highest since last July.

Auction Grade: C-

This article was written by Greg Michalowski at investinglive.com.

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