US Treasury auctions off $16B of 20-year bonds at a high yield of 5.047%
- High yield: 5.047%
- WI level at the time of the auction 5.035%
- Tail 1.2 basis points versus six-month average of -0.4 basis points
- Bid to cover 2.46X vs six-month average of 2.57X
- Direct (domestic buyers) 14.1% versus six-month average of 17.1%
- INdirects (international buyers) 70.7% versus six-month average of 67.2%
- Dealers 16.9% versus six-month average of 15.7%