U.S. Treasury auctions off $58 billion of Three-year notes at a excessive yield of three.669%

• Excessive-yield Three.669%
• WI stage on the time of the public sale
• Tail zero.7 foundation factors versus six month common up zero.four foundation factors
• Bid-to-Cowl 2.53X versus six month common of two.59X
• Directs 28.13% versus six month common up 19.9%
• Indirects 54% versus six month common up 65.5%
• Sellers 17.9% versus six month common of 14.7%

Public sale Grade : C-

The public sale was not nice. The overseas demand was weaker than anticipated. That pushed up the supplier dedication. The tail was optimistic at +zero.7 foundation factors within the bid to cowl was month-to-month under the six-month common.

I gave it a grade of C- however solely barely.

This text was written by Emma Wang at investinglive.com.