The US treasury will complete the 2nd leg of the coupon auctions this week with the sale of $70B of 5-year notes at the top of the hour.
The 6 month averages of the major components shows:
Tail 0.1%Bid to cover 2.35XDirects 25.1%Indirects 64.2%Dealers 10.7%
This article was written by Greg Michalowski at investinglive.com.