Technical Analysis

U.S. Treasury to auction off $32 billion a 10 year note that the top of the hour


  • Three year auction earlier today was met with solid demand
Greg Michalowski

The US treasury will auction off $32 billion of 10 year notes at the top of the hour (9 year 11 month actually)

The six-month average of the major components shows:

  • Tail 1.8 bps
  • Bid to cover 2.40X
  • Directs 19%
  • Indirects 62.8%
  • Dealers 18.3%

The 3 year auction earlier today was met with decent demand with a -0.3 bp tail and solid demand from international investors.

/inflation

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