News Headline Summary

Results of USD 16bln 30y note auction

- Yield 2.820% vs. Exp. 2.848%, WI stopped at 2.855%
- B/C 2.77 vs. Avg. 2.54 (Prev. 2.49)
- Indirects 45.40% vs. Avg. 34.14% (Prev. 26.5%)
- Allotted at high 61.46%

Reaction details (18:05)

- In reaction to this better than expected auction strength is seen in T-notes, with an immediate move higher from 133.16+ to 133.24+.
- The 30yr cash bond yield fell 6bps from 2.85% to 2.79% in reaction.

08 Nov 2012 - 18:01 - Fixed Income - Source: Newswires

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