U.S. Treasury auctions off $21 billion of 30 year bonds at a high yield of 3.686%


  • WI level at the time of the auction 3.654%
Greg Michalowski

Not a good auction. The Directs and Indirects were less than the average, as was the Bid to cover. The tail of 3.2 basis points is another negative.

If I can give an A to the 10 year auction, I can give an F as the grade for the 30 year auction. There was nothing good about it across the board.

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