US Treasury auctioned $ 22 billion in 30-year bonds at a high yield of 2.075% | Business News Today

US Treasury auctioned $ 22 billion in 30-year bonds at a high yield of 2.075%

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The US Treasury has auctioned $ 22 billion and 30-year bonds. The auction results against six-month averages are as follows:

  • High efficiency. High yield last month stood at 1.895%
  • WI level at time of auction 2.072%
  • Tail 0.3 basis points vs. six-month average of 3.2 basis points
  • Bid to cover 2.35X vs. a six-month average of 2.28X
  • Leads 17.08% vs. a six-month average of 17.7%
  • Indirect 64.9% against a six-month average of 63.6%
  • Dealers 17.9% vs. a six-month average of 17.7%

Auction Rank: B

  • The little tail is ok compared to the 6 month average
  • The bid to be hedged is above average. So good coverage
  • Direct, Indirect and Dealers were close to the 6-month averages.

My grade is better than that of Rick Santelli (CNBC) who gave him a C-. I think he’s been a bit harsh on a curve in recent auctions.

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US Treasury auctioned $ 22 billion in 30-year bonds at a high yield of 2.075%

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