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U.S. Treasury auctions of $40 billion of 3 year notes at a high yield of 4.093%

U.S. Treasury auctions of $40 billion of 3 year notes at a high yield of 4.093%
  • High-yield 4.093%
  • WI level at the time of auction 4.096%
  • Tail -0.3 bps
  • bid to cover 2.55x versus six-month average of 2.50X
  • Directs (a measure of domestic demand) 20.44% vs six-month average of 19.8%
  • Indirects (a measure of international demand) 61.71 vs six-month average of 56.3%
  • Dealers (they take the rest) 17.85% vs six-month average of 22.7%

Auction grade: B

The three year auction was a solid B. The high-yield came in... Read More

Posted: Dec 12 2022, 16:34
Author Name: forexlive
Views: 110684

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