The U.S. Treasury will auction off $22 billion up 30 year bonds at the top of the hour. The auction is the last up 3 coupon auctions this week which saw the 3 and 10 year note auctions find solid support from international buyers.
The results of the auction will be compared to the six-month averages of the major components. Those averages for the components shows:
- Tail: 0.0 basis points.
- Bid to cover: 2.37X.
- Directs (a proxy of domestic demand) 24.9%.
- Indirects (a proxy of international demand: 60.9%.
- Dealers: 14.1%
