US treasury to auction off $20 billion of 30 year bonds (reopening) at the top of the hour

<p>The US treasury will auction off $20 billion of 30-year bonds (reopening) at 1 PM ET.</p><p> The six-month averages of the key components used to gauge demand from both domestic and international investors shows:</p><ul><li>High Yield: Previous was 4.345%.</li><li>Tail: Previous was 1bps, the six-auction average is 0bps.</li><li>Bid-to-Cover: Previous was 2.46x, the six-auction average is 2.65x.</li><li>Dealers: Previous was 15.8%, the six-auction average is 10.9%.</li><li>Directs (a measure of domestic demand): Previous was 19.7%, the six-auction average is 19.0%.</li><li>Indirects(a measure of international demand): Previous was 64.5%, the six-auction average is 70.1%.</li></ul>

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