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US set to sell $44 billion in three-year note auction
On-the-run 3s are trading at 4.69% ahead of the 3-year note sale, which is down from a high of 4.73% earlier.Here's BMO on the auction:While a 10-year auction will always be the benchmark for evaluating primary market demand for Treasuries, today’s 3-year auction will be marginally more tradable than would otherwise be the case. Not solely because of the light data Monday nature of today’s session, but also from a higher level given the point in the cycle. 3s occupy a pivotal point on the yield...
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Posted: Sep 11 2023, 16:52
Author Name: forexlive
Views: 112399