US sells 3-year notes at 0.179% vs 0.180% WI bid

Results of the three-year, $48 billion sale

• Prior was 0.19%
• Bid-to-cover 2.44 vs 2.4 prior
• Directions 12.3% vs 13.3% prior
• Indirects 57.0% vs 54.3% prior

This is a record-high for auction size and a record low for yield.