10Y Auction (Reopening) Results

13 Apr

10y auction (reopening) results are out, after seeing lower yields for most of the morning yields spiked briefly post auction which was weaker from both bid to cover and indirect bidder perspectives.

The good news is that the yield was only slightly lower than the previous auction of this particular bond (Mar 9, 2011).

10Y Auction: Yield 3.494 vs. 3.499 (previous), Indirect Bidders: 42.42 vs. 53.02, Bid To Cover: 3.13 vs. 3.32, Coupon 3.625

Updated April calendar and historical auction statistics are here. [Google Docs]

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