The U.S. Treasury sold $42 billion of 10 year notes at a high yield of 4.468%
WI level at the time of the auction 4.464%Bid to cover 2.400XTail 0.4 basis pointsDirects 24.07%Indirects 63.95%Dealers 11.98%
The domestic buyers were better than the 6 month average but the international buyers were much less than the average (63.9% vs 68.5%)
Not great but below average. It is the highest since last July.
Auction Grade: C-
This article was written by Greg Michalowski at investinglive.com.