US sells $38 billion of 10 year notes at a high yield of 1.584%

WI was trading at 1.590%

  • high yield 1.584% versus 1.59% WI level at the time of the auction
  • bid to cover 2.36x versus six month average of 2.5x
  • dealers 11.21% versus 16.7% six month average
  • directs 17.74% versus six month average of 16.6%
  • Indirects 71.01% versus six month average of 66.6%