The US treasury will auction off $13B of 20 year bonds (reopen) at the top of the hour

<p>The U.S. Treasury will auction off $13 billion of 20 year bonds at the top of the hour (re-open). The </p><ul><li>High Yield: previously 4.213%</li><li>Tail: Previous 1.5 bps, six-auction average -0.3 bps</li><li>Bid-to-Cover Ratio: Previous 2.55x, six-auction average 2.58x</li><li>Dealers: Previous 12.9%, six-auction average 10.6%</li><li>Directs (a measure of domestic demand): Previous 20.7%, six-auction average 20.0%</li><li>Indirects (a measure of international demand: Previous 66.4%, six-auction average 69.4%</li></ul>

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