
STELLAR BOND AUCTION WITH SECOND HIGHEST FOREIGN DEMAND
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Second Highest Foreign Demand Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark for the stock market S&P 500 (SPX). Note the following: Due to high volatility, investors have been on the edge. Stellar auction of 30 year bonds is calming the nerves. Here are the details of the bond auction. Total amount of the auction: $20B High yield: 2.375% vs. when issued yield of 2.399% Bid-to-cover: 2.46 Indirect bid: 71.5% Direct bid 16.4% Foreigners are seeing the power of the U.S.