30 yr auction decent but certainly better than the weak 3s and 10s yesterday

In contrast to the very weak 3 yr Treasury auction, the soft 10 yr auction and after last month’s bad 30 yr bond auction, today’s 30 yr was definitely better but still only decent. The yield of 4.344% was a hair under the when issued of 4.347%. The bid to cover of 2.43 as just above the one yr average of 2.38. Also, direct and indirect bidders took 86% of the auction which is about the same as the 12 month average.