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US sells 3-year notes at 0.280% vs 0.283% WI

US sells 3-year notes at 0.280% vs 0.283% WI

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Adam Button
08/06/2020 | 17:06 GMT

Auction results

  • $44B sale
  • Bit to cover 3.01 vs 2.72 prior and 2.43 six-auction average

That's some decent demand given all the free money the stock market is giving away. Looking a bit further out, US 10-year yields are at the lows of the day and so is USD/JPY. That's not exactly a ringing endorsement of what's happening in stocks.

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