US treasury will auction off $35 billion of 10 year notes at the top of the hour

The US treasury will auction off $35 billion of 10 year notes at the top of the hour. The major component six-month average shows:

• Bid to cover 2.41 times
• Directs (a measure of domestic demand) 18.8%
• Indirects (a measure of international demand) 64.8%
• Dealers (they take the rest) 16.4%
• Tail 1.3 basis points