US treasury auction off $27B of 10 year notes at the top of the hour

The WI is trading at 2.46%

The US treasury will auction off $27 billion of 10 year notes the top of the hour. The WI is currently trading at 2.46% ahead of the auction.

The last auction was sold with a high yield of 2.466%. The bid to cover was at 2.55x. Dealers took 19.6%. Directs 12.0% and indirects 68.4%.

The 6 month Bid to cover ratio is 2.48X. The 12 month average is 2.51x.
The 12 month low yield was 2.465%. The high 3.225%.