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United States 4-Week Bill Auction rose from previous 3.89% to 3.905%

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• High yield 3.781%
• WI level at the time of the auction 3.775%
• Tail 0.6 basis points versus 6 month average of -0.6 basis points
• Bid to cover 2.46X vs 6 month average of 2.56X
• Dealers 9.44% versus 6 month average of 9.2%
• Directs 30.27% versus 6 month average of 23.5%
• Indirects 56.65% versus 6 month average of 67.2%

AUCTION GRADE: C-/D+

Below average auction with low international demand. Domestic demand was fairly strong but came at a high yield above the WI level at the time of the auction.

This article was written by Greg Michalowski at investinglive.com.

The U.S. Treasury will complete the coupon auctions for the week with the sale of 7 year notes at the bottom of the hour ($44 billion). The auction is a little early ahead of the Thanksgiving day holiday. Despite the early auction, the bond market will remain open for the rest of the trading day.

The auction results will be compared to the 6 month averages of the major components to determine the relative demand for both domestic and international buyers:

• Tail -0.6 basis points
• Bid to cover 2.56X
• Direct buyers (domestic buyers) 23.5%
• Indirect buyers (international buyers) 67.2%
• Dealers (they take the balance) 9.2%

The 2 and 5 year note auctions were met with average demand.

This article was written by Greg Michalowski at investinglive.com.

ECB Lane is on the newswire saying:

• For sustainability of inflation at 2%, needs to see deceleration of energy prices

This article was written by Greg Michalowski at investinglive.com.

The largest contributor to consumer inflation was the housing sector that saw price growth of 5.9%, driven by higher costs in electricity, rents and new dwellings.

The major US stock indices are trading near highs. Each of the indices are up 0.70% to 0.80% (give or take).

• Dow industrial average +0.70%
• S&P index +0.72%
• NASDAQ index +0.80%

For the trading week:

• Dow industrial average +2.57%
• S&P index up 3.22%
• NASDAQ index up 4.23%

Nvidia is rebounding 1.67% and back above $180 a share. Broadcom is continuing its run to the upside with a gain of 2.52%. AMD which fell sharply yesterday is up 3.04% in trading today. Intel is up 3.07% as well.

Google is taking breather today with a decline of -1.24%. Microsoft is up 1.78%, and Amazon is up 0.61%

The US stock market will close at 4 PM today ahead of the Thanksgiving day holiday. On Friday however, the major indices will close at 1 PM.

The US bond market will have a normal day-to-day, but close on Friday at 2 PM ET the

This article was written by Greg Michalowski at investinglive.com.