6.9 C
New York
Friday, March 29, 2024

$21 Billion 10 Year Closes At 3.48%, Bid-to-Cover at 2.62 (Previous At 3.01) – Ugly Auction

Courtesy of Tyler Durden

  • Yields 3.448% vs. Exp. 3.421%
  • Bid To Cover 2.62 vs. Avg. 2.83 (Prev. 3.01)
  • Indirect Bid To Cover: 1.79
  • Indirects 34.9% vs. Avg. 40.88% (Prev. 47.7%)
  • Direct bid at 8.94% (compared to 4.5% in November)
  • Indirect bid at 34.9% (49.3% in November, 47.3% in October – foreigners are slowly shutting out the US)
  • Alloted at high 67.28%

Very ugly auction:

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