The US treasury will sell... well auction.... $16 billion of 20 year bonds at the top of the hour.

The six-month averages of the major components shows:

  • Bid to cover 2.60X
  • Tail 0.1 bps
  • Directs (domestic demand): 17.2%
  • Indirects (international demand): 71.6%
  • Dealers: 11.2%