U.S. Treasury Concludes Coupon Auctions with $22 Billion Sale of 30-Year Bonds

Wednesday, 13 March 2024, 16:25

The U.S. Treasury is set to finish their coupon auctions with the sale of $22 billion worth of 30-year bonds today at 1 PM ET. Analyzing the auction trends, the bid-to-cover ratio, direct and indirect buyers percentages, and comparison to the previous auction results are crucial for understanding the market sentiment and future bond yields.

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U.S. Treasury Completing Coupon Auctions

Today marks the end of the U.S. Treasury's coupon auctions as they prepare to sell $22 billion of 30-year bonds at 1 PM ET. Following a mix of successful and disappointing auctions earlier this week, all eyes are on today's sale to gauge investor demand and market reactions.

Auction Analysis

Key Data: Bid to cover at 2.38x, directs at 16.9%, indirects at 66.1%, dealers at 17.0%.
Market Response: Last month saw a 4.36% auction, with the six-month average at 4.481%.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

U.S. Treasury Completing Coupon Auctions

Auction Analysis

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