The U.S. Treasury is to auction off $22 billion of 30 year bonds at the top of the hour.

The six month averages of the major auction components show:

  • Bid to cover, 2.28x
  • Directs (domestic demand) 17.7%
  • Indirects (international demand) 63.6%
  • Dealers 18.7%

The current 30 year is trading at 2.071%