The U.S. Treasury will auction off $58 billion of 3 year notes at the top of the hour. The auction results will compared to the 6 auction average for the major components. Below are the last values at the last 3 year note auction followed by the 6 auction average.
- High Yield: 3.579% (6-auction avg. 3.579%)
- Tail: 1.1 bps (6-auction avg. -0.3 bps)
- Bid-to-Cover: 2.55x (6-auction avg. 2.66x)
- Dealers: 19.5% (6-auction avg. 12.3%)
- Directs: 20.7% (6-auction avg. 25.8%)
- Indirects: 59.8% (6-auction avg
U.S. Treasury to auction $58 billion of 3 year notes at the top of the hour
