U.S. Treasury to auction off $24 billion of 20 year bonds at the top of the hour

Reopening of the 20 year

The six month averages of the key components shows:

• bid to cover 2.36x.
• Directs, 19.4%.
• Indirects, 60.7%
• Dealers, 19.9%

The last auction yield came in at 1.795%. The tail was -0.2 basis points.