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US treasury auctions off $40 billion of 3 year notes at a high yield of 4.635%

US treasury auctions off $40 billion of 3 year notes at a high yield of 4.635%
  • High-yield 4.635%
  • WI level at the time of the auction 4.641%
  • Tail versus -0.6 basis points versus six-month average of 0.3 basis points
  • Bid to cover 2.73X times versus six-month average of 2.56X
  • Dealers 16.84% versus 21.1% six-month average
  • Directs 20.67% versus six-month average of 18.9%
  • indirects 62.49% versus six-month average of 60.1%

The auction grade comes in at A-

Highlights:

there was a -0.6 basis point tai... Read More

Posted: Mar 7 2023, 18:03
Author Name: forexlive
Views: 082162

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