The US treasury will sell $18 billion of 30 year bonds at the top of the hour. The six-month averages of the major components of the auction show:
- Tail, 0.4 basis points
- Bid to cover, 2.35X
- Directs, 19.5% (a measure of domestic demand)
- Indirects, 68.5% (a measure of international demand)
- Dealers, 11.9% (they take the rest).
The last auction had a high yield of 3.877% with a tale of +0.6 basis points. The thirty-year yield is currently trading at 3.660%.
