US treasury sells $42 billion of 3 year notes at a high yield of 0.230%

3 year note 0.233% WI

• high yield 0.230%. The WI was trading at 0.232% just prior to the auction
• bid to cover 2.54x versus six-month average of 2.44%
• dealers 32.6% versus six-month average 35.9%
• directs 13.1% versus versus six-month average of 13.9%
• indirects 54.4% versus six-month average of 50.2%

A solid B for the auction