US treasury to auction off $18 billion of 30 year bonds at the top of the hour

The US treasury will auction 18 billion 30-year bonds at 11:00 a.m. In Tuesday and Wednesday sales, it sold three-year and 10-year notes. To a large degree, international demand for the three-year and 10-year notes was strong, although domestic interest was moderate. The six-month average of the components is as follows: Tail, -0.2 basis points Bid to cover, 2.37X Directs, 19.0% Indirects, 69.4% Dealers, 11.6% The 30-year bond yield is now 3.61%, down six basis points on the day. The curve has been lowered by yields.