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The US treasury auctioned off $58 billion of the 30 year bonds.
High yield: 4.015%
WI level at the time of the auction: 4.001%
Tail: 1.4 bps
Bid to Cover: 2.38X
Dealers: 15.7%
Directs: 15.7%
Indirects: 68.68%
AUCTION GRADE: D+
The 30 year bond auction was not as successful as the three and 10 year coupon auctions earlier this week.
The grade is below average but last month was much worse.
This article was written by Greg Michalowski at www.forexlive.com.
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