In the latest auction, the US sold $39 billion worth of 29-year and 11-month notes at a high yield of 2.295% and awarded 37.36% of bids at the high.
Primary dealers took 19.21% of the notes, the direct and the indirect sales were at 20.24% and 60.55%, respectively.
Market reaction
With the initial market reaction, the 10-year US T-bond yield erased recovery gains and turned flat on the day at 1.521%. Consequently, the US Dollar Index edged lower and was last seen losing 0.42% on a daily basis at 91.43.
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