US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%
High return 4.466% (last month was slightly lower at 4.452%)WI level at auction time 4.467%Tail -0.1 bp vs 6-month average -0.6 bpCoverage offered at 2.68X vs. 6-month average of 2.63XTraders 8.47% vs. 6-month average 12.1%Directed 14.32%…