US treasury sells 10 year notes at a high yield of 4.683%

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  • High yield 4.683%
  • WI 4.682%
  • Tail 0.1 basis points vs average of 0.3 basis points
  • Bid to cover 2.53X vs 6 month average of 2.47X
  • Directs 14.7% vs 17.7% average
  • Indirects 76.7% vs 71.3% average
  • Dealers 8.6% vs 11.0% average

Auction Grade: B+

There was a modest tail but it is against an average of 0.3%

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

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