The U.S. Treasury auctions off $37 billion of10 year notes at a high yield of 1.904%

the US treasury auction of $37 billion of 10 year note is auctioned off with high demand

• high yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 1.904%
• WI at the time of auction1.926%
• Tail -2.2 basis points
• bid to cover 2.68X vs 2.52x six month average
• indirects -a measure of international demand - came in at 77.56% versus six month average of 70.8%
• directs, a measure of domestic demand, came in at 15.0% versus 16.2% six month average
• dealers took a very low 7.4% versus 13.0% six month average

Auction Grade: A

• The auction of $37 billion of 10 year notes was met with strong international demand. The international players are once again are showing their desire to buy US treasuries US Treasuries US Treasuries represent securities in the form of government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. US Treasuries actually comprise four different types of marketable treasury securities. This includes Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation Protected Securities (TIPS). The US government sells these securities in auctions conducted by the Federal Reserve Bank of New York, US Treasuries represent securities in the form of government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. US Treasuries actually comprise four different types of marketable treasury securities. This includes Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation Protected Securities (TIPS). The US government sells these securities in auctions conducted by the Federal Reserve Bank of New York, Read this Term at higher yields.
• The domestic demand was less than average.
• Bid the cover was well above normal at 2.68 times versus 2.52 times average
• Dealers barely have any for themselves at 7.4%