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%
