US auctions off 10 year notes.
- 10 year high yield 1.155%
- tail -0.2 basis points
- bid to cover 2.37 vs 2.38x six-month average
- Dealers 20.47% vs 24.1% six-month average
- Indirects 60.6% vs. six-month average of 61.0%
- Directs 18.9% vs. six-month average of 14.9%
Another solid auction (give it a B to B+
