The US Treasury has auctioned $58B of 3 year notes.
- Wi level at the time of the auction:4.116%
- High Yield: 4.117%
- Bid to cover:2.58X vs 6-month average of 2.56X
- Tail 0.1 bps vs the 6 month average of 0.0 bps
- Directs (domestic buyers) 20.7% vs 6 month average of 17.1%
- Indirect (international buyers) 64.2% vs the 6-month average of 66.4%
- Dealers 15.1% vs 6-month average of 16.6%
This article was written by Greg Michalowski at www.forexlive.com.
