The US treasury is to promote $16 billion of 20 yr bonds on the high of the hour

The US treasury will sell… well auction…. $16 billion of 20 year bonds at the top of the hour.

The six-month averages of the major components shows:

• Bid to cover 2.60X
• Tail 0.1 bps
• Directs (domestic demand): 17.2%
• Indirects (international demand): 71.6%
• Dealers: 11.2%

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