The US treasury will auction off a $16 billion of 20 year bonds at the top of the hour

The US Treasury will auction off $16 billion of 20-year bonds at the top of the hour

• High Yield: Previous: 5.245%)
• Tail: Previous: -1.2bps, six-auction average: -0.7bps
• Bid-to-Cover: Previous: 2.59x, six-auction average: 2.67x
• Dealers: Previous: 11.9%, six-auction average: 10.2%
• Directs: Previous: 15.2%, six-auction average: 19.7%
• Indirects: Previous: 72.9%, six-auction average: 70.1%