US treasury auctions $15 billion of 20 year bonds at a high yield of 3.954%


  • Versus 3.964% WI level at the time of the auction
Greg Michalowski

The US treasury auctioned off $15 billion a 20 year bonds:

Auction grade: C-

There was a negative tail but it equaled the six-month average. The bid to cover was below the average. Dealers took more because the indirect was less than average.

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