US treasury auctions off $48 billion of to year notes at a high yield of 2.585%

• 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 2.585%.
• WI level at the time of auction 2.596%
• Tail -1.1 basis points. The six month average is 0.1 basis points
• bid to cover 2.74X versus six month average of 2.59X
• Directs 21.4%. The six month averages 17.9%
• Indirects 66.0%. The six month average is 58.6%
• Dealers 12.6%. The six with averages 23.4%

Auction Grade: A

Highlights.

• A negative tail greater than the six month average
• Bid to cover is well above the six month average
• Both domestic and international buyers supporting the auction (directs and directs above their six month averages)
• Dealers are left with a scan 12.6% to distribute

With flight to safety flows, the auctions supports at idea.