US treasury auctions $17 billion of 20 year notes at a yield of 1.314% vs WI 1.329%
US treasury auctions off at 17 billion of 20 year notes.
– WI was trading at 1.329% at the auction time
– high yield comes in at 1.314%
– bid to cover ratio 2.63x vs 2.53x at last auction
The issue is actually 19 years and 11 months. The treasury issued its inaugural 20 year bond last month at a yield
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