The US treasury will sell… well auction…. $16 billion of 20 year bonds at the top of the hour.
The six-month averages of the major components shows:
Bid to cover 2.60XTail 0.1 bpsDirects (domestic demand): 17.2%Indirects (international demand): 71.6%Dealers: 11.2%
This article was written by Greg Michalowski at www.forexlive.com.
