U.S. Treasury sells $22 billion a 30 year bonds at a high yield of 4.844% ...Middle East

High yield 4.844%WI level at the time of the auction 4.859%.Tail -1.5 basis points versus a six month average up +0.1 basis points.Bid-to-cover 2.43X vs six month average of 2.39XDirects (domestic buyers) 23.4% versus six month average up 22.3% Indirects 65.2% versus six month average of 63.2%Dealers 11.4% versus six month average of 14.4%

The 30 year bond was met with solid demand with international buyers leading the charge. The indirect buyers took 65.2% comfortably above the 63.2% average. The dealers were left with only 11.4% while below the 14.4% average.

The 30-year yield has extended its decline. It is down by -7.1 basis points at 4.839%

US stocks are pushing higher on the better results. The NASDAQ index is now up 62 points or 0.32% at 19678.17. The S&P index is up 19 points or 0.32% at 6042. The Dow is up 55 points or 0.13% at 42920.75.

This article was written by Greg Michalowski at www.forexlive.com.

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