US treasury to sell $17 billion of 20 year bonds at the top of the hour

The US treasury will sell $17 billion of 20 year bonds at the top of the hour. The 6 month averages of some of the key components shows:

• Bid to cover 2.56X
• Directs (a measure of domestic demand), 19.9%
• Indirects (a measure of international demand), 65.7%
• Dealers (they take the balance), 14.3%

The last auction 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 came in at 3.095%. That is well above the six-month average of 2.393%.

The tail was -3.0 basis points vs the six-month average of -0.4 basis points. There was strong demand last month led by overseas buyers who purchased 75.9% of the issue.