U.S. Treasury auctions off $32 billion of 10 year notes at a high yield of 3.455%

The U.S. Treasury auctioned off $32 billion of 10 year notes:

• High-yield 3.455%
• WI level at the time of the auction 3.435%
• Tail 2.0 basis points versus six-month average of 0.1 basis points
• Bid to cover 2.36X vs six-month average of 2.6X
• Directs 19.9% vs six-month average of 18.7%
• Indirects 62.3% versus six-month average of 61.4%
• Dealers 17.1% versus six-month average of 19.9%