Market Weekly: May 10 – 16 2020

#23685
ThePitBoss
Participant

US treasury sells $22B 30 year bonds at high yield 1.342% v WI l1.334% – tail of 0.8 basis points

High yield 1.342% v 1.334% WI level
bid to cover 2.3x v six-month average 2.40x
dealers 21.4% v six-month average 19.8%
directs 12.9% v six-month average 16.5%
indirects 65.7% v average of 63.8%

Not the hit of yesterday – saturated or too much risk?