US auctions off $24 billion of 10 year notes at 1.590 %

Author: Greg Michalowski | Category: News

WI was trading at 1.591% at the auction time

  • High yield 1.59% versus 1.591% WI level
  • Bid to cover 2.43x versus 2.38x average
  • Dealers 28.6% versus 26.2% average
  • Directs 12.79%  versus 12.7% 6 month average
  • Indirects 58.5% versus 61.16 month average
A slightly above average auction, but not by much.  
Rick Santelli on CNBC just gave it a C+ (i.e. just above average).
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