US treasury auctions off $27 billion of 30 year bond at a high yield of 1.680%

30 year bond auction WI level at 1.674%

• High yield 1.680%. Vs. WI level of 1.674%
• Bid to cover 2.29x vs. six-month average of 2.31x
• Dealers 21.56% vs. six-month average of 22.7%
• Directs 16.5% vs. six-month average of 13.3%
• Indirects 61.9% vs. six-month average of 64.1%

the auction was a bit of a mixed bag. The WI yield was lower at 1.674% vs. the high yield of 1.680%. That's a negative. The bid to cover was around the six-month average. Neutral. Dealer participation came in just under the six-month average. Neutral to a little better.

Overall I give it the auction of C-.