Thursday , 7 November 2024
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US treasury auction $58B of 3- year notes at the top of the hour

The US treasury will auction off the three year notes at the top of the hour. The six-month averages of the major components shows:

  • Tail: -0.2 basis points
  • Bid to cover: 2.57X
  • DIrects (domestic buyers): 18.7%
  • Indirects (international Buyers): 66.5%
  • Dealers (they take the rest) 15.8%

THe high yield last month came in at 4.13%

The current 3 year yield is at 4.150%, down around 3 bps on the day.

This article was written by Greg Michalowski at www.forexlive.com.

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