Yields at high of day post auction
The 30 yr bond auction was the weakest of the week with a yield of 4.189% that tailed by about 1.5 bps. While the bid to cover of 2.42 was just above the one yr average of 2.38, the direct and indirect bidder constituency took down the 3rd smallest amount of a 30 yr auction since June of 2022 at 87.5%, leaving dealers with the balance.
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