The US treasury to auction off $12 billion of 20 year bonds at the top of the hour

<p>The U.S. Treasury will auction off $12 billion of 20 year bonds at the top of the hour.</p><p>The six-month averages of the major components shows:</p><ul><li>Bid to cover, 2.71X.</li><li>Tail, -1.1 basis points</li><li>Directs (a measure of domestic demand), 18.5%</li><li>Indirects (a measure of international demand), 71.8%</li><li>Dealers, 9.7%</li></ul><p>The current WI is trading at 4.036%. The last auction at a high yield of 4.010%</p>

This article was written by Greg Michalowski at www.forexlive.com.