Treasuries declined after the government auctioned $6 billion of 20-year inflation-indexed securities to yield 2.219%, higher than the most recently-issued securities had been trading before the auction closed. Demand seemed lackluster as investors bid for 1.58 times the amount of debt for sale, the lowest so-called bid-to-cover rate since January 2006. Buying by indirect bidders, a class of investors which includes foreign central banks, was the lowest since January 2005.
On another note.....I noticed the Pit traded chart is a waste of time, is the Pit traded ZB volume actually that anemic? This seems recent on the Pit chart vs a Globex chart.