US treasury to auction $16B of 20 year bonds at the top of the hour ...Middle East

Bid-to-cover 2.57XTail 0.4 basis pointsDealers 15.7%Directs (domestic buyers) 17.1%Indirects (nternational buyers) 67.2%

The last auction went off at a high yield of 4.81%. The current 20 year yield is at 5.049%. The Bid to cover was at 2.63X and the Tail was at -0.4 bps.

This article was written by Greg Michalowski at www.forexlive.com.

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