U.S. Treasury sells $22 billion a 30 year bonds at a high yield of 4.844%
- High yield 4.844%
- WI level at the time of the auction 4.859%.
- Tail -1.5 basis points versus a six month average up +0.1 basis points.
- Bid-to-cover 2.43X vs six month average of 2.39X
- Directs (domestic buyers) 23.4% versus six month average up 22.3%
- Indirects 65.2% versus six month average of 63.2%
- Dealers 11.4% versus six month average of 14.4%
AUCTION GRADE: A