U.S. Treasury to auction off $15 billion of 20 year bonds at the top of the hour | Forexlive

U.S. Treasury to auction off $15 billion of 20 year bonds at the top of the hour. The six-month average of the major components shows:

• Bid to cover 2.65X
• Tail -1.0 basis points
• Directs (a measure of domestic demand), 18.0%
• Indirects (a measure of international demand), 72.5%
• Dealers (they take the rest), 9.5%

The last auction had a high yield of 3.92% and a tail of 0.2 basis points. The bid to cover it was near the average at 2.66X

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• Source: https://www.forexlive.com/news/us-treasury-to-auction-off-15-billion-of-20-year-bonds-at-the-top-of-the-hour-20230517/