Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Solid 20Y Treasury Auction Sees Highest Foreign Demand In 2021

Courtesy of ZeroHedge View original post here.

There was solid demand for today’s $27 billion in 20Y notes, which came in well stronger then the recent 30Y auction, a surprise to some with the Fed’s Minutes due in just an hour.

Stopping at a high yield of 1.85%, the auction came on the screw with the When Issued which was also trading a 1.85% at 1pm; the high yield was a drop from last month’s 1.89% and the lowest since January’s 1.643%.

The bid to cover of 2.44 was also an improvement from last month’s 2.33, and the highest since March’s 2.51.

Finally, the internals is where today’s auction really shone because with an Indirect award of 62.3%, this was the highest demand among foreign buyers going all the way back to October 2020. And with Directs taking down 18.7%, in line with recent auction, Dealers were left holding 19.0% of the auction, below last month’s 20.9%, and below the six-auction average of 22.3%.

Overall, a solid auction suggesting no nervous traders ahead of today’s FOMC Minutes.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!