US treasury to auction off $13 billion of 20 year notes at the top of the hour

<p>The U.S. Treasury will auction off $13 billion of 20-year notes at the top of the hour. The major components of the auctions and the 6-month averages shows:</p><ul><li>High Yield:<ul><li>Previous: 4.499%</li><li>Six-auction average: 4.055%</li></ul></li><li>Tail:<ul><li>Previous: 0.9bps</li><li>Six-auction average: -0.2bps</li></ul></li><li>Bid-to-Cover:<ul><li>Previous: 2.56x</li><li>Six-auction average: 2.64x</li></ul></li><li>Dealers:<ul><li>Previous: 11.4%</li><li>Six-auction average: 10.7%</li></ul></li><li>Directs: a measure of domestic demand<ul><li>Previous: 20.2%</li><li>Six-auction average: 19.7%</li></ul></li><li>Indirects: a measure of international demand<ul><li>Previous: 68.4%</li><li>Six-auction average: 69.7%</li></ul></li></ul>

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