FX/BondsIMPORTANT

US sells USD 13bln of 20year bonds; Tail 0.5bps

StockNow breaking-news AI analysis

The July 22 20-year bond auction showed weak demand with a 0.5bps tail and increased dealer absorption, reflecting investor caution amid hawkish Fed sentiment and rising yields.

News detail

High Yield: 5.163% (prev. 4.927%, six-auction avg. 4.877%): WI 5.158% Tail: 0.5bps (prev. -1.0bps, six-auction avg. -0.3bps) Bid-to-Cover: 2.64x (prev. 2.75x, six-auction avg. 2.66x) Dealers: 14.67% (prev. 8.5%, six-auction avg. 10.1%) Directs: 16.21% (prev. 19.9%, six-auction avg. 23.9%) Indirects: 69.12% (prev. 71.6%, six-auction avg. 65.9%)

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