U.S. Treasury sold 50 billion a 3 year notes at a by yield of
- Wi level at the time of the auction 3.589%
- Tail -1.0 basis points vs 6 month average versus 0.0 basis points
- Bid to cover 2.85X vs 6 month average of 2.58X
- Directs 27.3% vs 6 month average of 23.9%
- Indirects 63.0%vs 6 month average of 62.4%
- Dealers 9.10% vs 6 month average of 13.8%
Auction Grade: A
All the components from the auction were better than the 6 month averages with Dealers only saddled with 9.10% . Strong domestic demand and above average international demand too.
