U.S. Treasury auctions off three year note at 0.329%. WI at auction 0.327%

US treasury sells $58 billion of three year notes

  • High yield 0.329% versus WI level of 0.327% (Tail of 0.2 bps)
  • Bid to cover 2.42x versus six-month average of 2.43x
  • Dealers 32.26% versus six-month average of 35.5%
  • Directs 18.11% versus six-month average of 15.8%
  • Indirect 49.6% versus six-month average of 40.7%

The auction is a C+.  

There was a small tail of 0.2 bps. The Dealers were saddled with less than the six-month average. The Bid to cover was nearly equal to the 6 month average. 

Invest in yourself. See our forex education hub.

Articles You May Like

CFTC Commitments of Traders: A bit of a risk off tone
Live Intraday Price Action Trading || Forex Visit || 15 June 2021
Boris Johnson to delay lockdown lift for a month
Cable on the ropes as price threatens fall to one-month lows
WTI crude prices settle at the highest since 2018, just shy of $71 per barrel

Leave a Reply

Your email address will not be published. Required fields are marked *