The U.S. Treasury to public sale $13 billion of 20 12 months bonds on the high of the hour

• Excessive Yield:

  • Final: 4.780%

• Tail (the distinction between the WI degree on the time of the public sale vs the precise excessive yield):

  • Final: -1bps
  • Six-month common: -0.6bps

• Bid-to-Cowl Ratio (a measure of the variety of bids vs the public sale quantity):

  • Final: 2.58x
  • Six-month common: 2.71x

• Sellers’ Participation:

  • Final: 9.5%
  • Six-month common: 10.1%

• Direct Bidders (a proxy for home consumers):

  • Final: 16.5%
  • Six-month common: 19.8%

• Oblique Bidders (a measure of worldwide consumers):

  • Final: 74.0%
  • Six-month common: 70.1%

This text was written by Greg Michalowski at www.forexlive.com.