U.S. Treasury auctions off of $16 billion of 20 12 months bonds at a excessive yield of four.876%

• Excessive-yield: four.876%
• Tail -Zero.1 foundation factors versus six month common of -Zero.2 foundation factors
• WI stage on the time of of the public sale four.877%
• Bid to cowl 2.54X vs six month common of two.63X
• Directs 26.5% vs six month common of 18.three%
• Indirects 60.64% vs six month common of 67.6%
• Sellers 12.88% vs six month common of 14.1%

AUCTION GRADE: C+

Direct and oblique cancel one another however sellers a saddled with 1.three% lower than regular which is a optimistic.

The bid to cowl was rather less than regular.

This text was written by Emma Wang at investinglive.com.