TECHNICAL ANALYSIS

US Treasury auctions $ 24 billion in 1.825% reopened bonds


WI yield at auction 1.839%

  • High yield 1.825%
  • WI yield at auction 1.839%
  • 2.47x bid / coverage ratio vs. 2.31x six-month average
  • Dealers 14.2% vs. six-month average of 22.4%
  • Direct 17.2% vs. six-month average of 14.1%
  • Indirect 68.6% vs. half-year average of 63.4%

The auction rating is an “A”. The high yield was the yield of WI at 1.839% (-1.4%). The cover offer at 2.47X was much higher than the 6-month average at 2.31x. Dealers took just 14.2% against a 6-month average of 22.4%.

The higher yield movement seen recently drew a good response from buyers in Year 10 yesterday and Year 30 today.

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