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The US treasury will sell $17 billion of 20 year bonds at the top of the hour. The 6 month averages of some of the key components shows:
The last auction high yield came in at 3.095%. That is well above the six-month average of 2.393%.
The tail was -3.0 basis points vs the six-month average of -0.4 basis points. There was strong demand last month led by overseas buyers who purchased 75.9% of the issue.