- High yield 5.469%
- Tail 0.9 bps
- Bid-to-cover 2.73
- Awards 60.05% at high
- Primary dealers 10.3%
The US Treasury sold $13 billion in 20-year bonds at a high yield of 5.469%, the highest since January 1986. The tail was 0.9 basis points, bid-to-cover 2.73. Primary dealers took 10.3%, directs 31.6%, indirects 58.2%.
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