News Headline Summary

Results USD 13bln 30y Note Auction

- Yield 2.917% vs. Exp. 2.889% (Prev 2.820%); tail of 3.2bps
- B/C 2.50 vs. Avg. 2.61 (Prev. 2.77)
- Indirect 33.7% vs. Avg. 36.81% (Prev. 45.40%)
- Allotted at high 4.55%
- WI stopped 2.885%

Reaction details:

- In reaction to this lacklustre auction T-notes fell 5 ticks from 132.28 to 132.23.
- 30y cash bond moved lower by 14+ ticks.

Print 18:02, 13 Dec 2012 - Fixed Income - Source: Newswires