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US Treasury to Auction 20-Year Bonds Anytime

The US Treasury will auction twenty-year bonds at all hours of the day. Auction results were compared to six-month averages of key components, including Tail (the difference between the WI level and high yield), Bid to cover (the number of bids relative to the auction amount ), the national (the direct level of auctions). bidders) and international participation (indirect bidders).

The constituent parts, including previous auction results and 6-month averages, show:

  • High Yield at the latest auctions:

    • Last bid: 4.542%
    • Average over six auctions: 4.633%
  • Tail:

    • Last bid: -2.0 basis points
    • Average over six auctions: 0.2 basis points
  • Offer/coverage ratio:

    • Last bid 2.79x
    • Average over six auctions: 2.57x
  • Dealers:

    • Last bid: 9.3%
    • Average over six auctions: 13.7%
  • Directed:

    • Last bid: 17.2%
    • Average over six auctions: 18.3%
  • Indirect:

    • Last bid: 73.5%
    • Average over six auctions: 68.0%

The United States continues its decline before the auctions:

  • Dow Jones -0.35%
  • S&P-0.68%
  • NASDAQ -1.13%

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