美债30年期拍卖首次出现尾盘售罄现象，自11月以来。

美债30年期拍卖首次出现尾盘售罄现象，自11月以来。
Medicore 30Y Auction Has First Tail Since November

原始链接: https://www.zerohedge.com/markets/medicore-30y-auction-has-first-tail-november

在经历了稳健的3年期国债拍卖和疲软的10年期国债拍卖之后，美国财政部刚刚完成了本周最后一次固定利率国债拍卖，发行了220亿美元的30年期再发行国债，结果平平。此次拍卖的最高收益率达到4.876%，与一个月前的4.871%几乎没有变化，也是自去年7月以来的最高水平。它也比发行时（When Issued）的4.871%高出0.5个基点，这是自11月以来的首次出现尾部。投标倍数（bid to cover）为2.385，低于3月份的2.452，为2022年12月以来最低水平。内部构成符合预期：间接投标者（Indirects）获得64.14%，高于3月份的63.4%，但低于过去六次拍卖的平均水平66.8%。直接投标者（Directs）降至24.23%，低于27.23%（高于近期平均水平22.9%），导致交易商持有11.6%，为今年1月以来最高水平。总体而言，这次30年期国债拍卖表现平平，各项指标平均，导致该期限自去年11月以来的首次出现尾部，但由于市场仍然专注于伊朗局势，市场反应几乎没有。

After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction.

The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November.

The bid to cover was 2.385, down from 2.452 in March and the lowest since December '25.

The internals were in line: Indirects were awarded 64.14%, up from 63.4% in March but below the six-auction average of 66.8%. And with Directs down to 24.23% from 27.23% (above the recent average of 22.9%), dealers were left holding 11.6%, the most since January.

Overall, this was a mediocre 30Y auction, with average stats resulting in the first tail for the tenor since last November, yet with markets still only focused on Iran there was virtually no little market reaction.

美债30年期拍卖首次出现尾盘售罄现象，自11月以来。 Medicore 30Y Auction Has First Tail Since November

美债30年期拍卖首次出现尾盘售罄现象，自11月以来。
Medicore 30Y Auction Has First Tail Since November