US auctions off $19 billion of 30 year bonds at 2.061%

Author: Greg Michalowski | Category: News

WI yield at 2.068% at auction time

The US treasury auctioned off $19 billion of 30 year bonds at a high yield of 2.061%. That was below the WI level of 2.068% at the auction time:
  • High yield 2.061%. Previous auction came in at 2.341%. The 6 month averages 2.309%
  • Bid to cover 2.43x vs six-month average of 2.32x
  • Dealers  awarded 19.1% versus six-month average of 21.8%
  • Directs 19.4% versus six-month average of 17.3%
  • Indirects 61.5% versus six-month average of 60.9%
Overall is a good/very good auction with the 
  • Yield below the WI level signifying strong investor demand. 
  • The bid to cover was also better than the six-month average at 2.43x vs six-month average of 2.32x. 
  • The dealer percentage was also lower than expectations signifying most of the issue was distributed to outside investors and not the primary dealer community.
  • The yield was a record low auction yield for the 30 year
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