US Treasury auctions off $18 billion of 20-year bonds at a high yield of 5.204%

High yield: 5.204% WI level at the time of the auction 5.199% Tail 0.5 bps Bid-to-cover ratio 2.53X Direct (domestic buyers) 24.59% Indirect (international buyers) 62.93% Dealers 12.49% The US Treasury sold $18 billion of 20-year bonds at a high yield of 5.204%, with the auction…