The U.S. Treasury will auction off 37 billion of 7 your notes at the top of the hour. The 6 month averages of the major auction components shows:
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High Yield:
- Previous: 4.212%
- Six-auction average: 3.861%
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Tail:
- Previous: -2bps
- Six-auction average: 0bps
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Bid-to-Cover Ratio:
- Previous: 2.66x
- Six-auction average: 2.53x
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Dealers: Dealers take the balance after the domestic and international buying
- Previous: 9.8%
- Six-auction average: 12.1%
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Directs: A measure of domestic demand
- Previous: 15%
- Six-auction average: 17.9%
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Indirects: A measure of international demand
- Previous: 75.3%
- Six-auction average: 70.0%