US treasury auctions off $13 billion of 20 year bonds at a high yield of 5.163%

High yield 5.163% WI level at the time of the auction 5.158%. Tail 0.5 basis points versus six month average of -0.3 basis points. Bid to cover 2.64X versus average of 2.66X Directs 10.21% vs average of 23.9% Indirects 69.12% vs average of 65.9% Dealers 14.67% vs average of…