The second of three auctions will happen at 1 PM ET, when the treasury auctions off $39 billion of 10 12 months notes. The outcomes can be in comparison with the six-month averages of the most important elements that present investor demand.
Listed below are a summarized view of 10-year public sale historical past primarily based on six-month averages of the most important elements:
-
Excessive Yield:
- Earlier: 4.166%
- Six-auction common: 4.285%
-
Tail:
- Earlier: 0.9 foundation factors
- Six-auction common: 0.7 foundation factors
-
Bid-to-Cowl Ratio:
- Earlier: 2.51x
- Six-auction common: 2.52x
-
Sellers:
- Earlier: 17.1%
- Six-auction common: 16.1%
-
Directs (a measure of home demand):
- Earlier: 18.6%
- Six-auction common: 18.1%
-
Indirects (a measure of worldwide demand:
- Earlier: 64.3%
- Six-auction common: 65.9%
This text was written by Greg Michalowski at www.forexlive.com.
