US treasury auctions off $18 billion of 30 year bonds at a high yield of 3.511%

• WI level 3.530%
• High yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term.
• Bid to cover 2.42X vs six-month average of 2.37X
• Tail -1.9 basis points vs. six-month average of -0.7 basis points
• DIrects 17.06% vs six-month average of 17.3%
• Indirects 72.09% vs six-month average of 69.9%
• Dealers 10.85% vs. vs. six-month average of 12.8%

Auction grade: B+/A-

the bid to cover was above the six-month average. The tail was -1.9 basis points below the WI level. There was strong international demand compared to the six-month average. The directs more domestic demand came in about average.. Dealers were saddled with less than the six-month average