US sells 3-year notes 1.413% vs 1.409% WI

Author: Adam Button | Category: News

Results of a 3-year $38 billion auction:

  • The notes were trading 1.415%/1.405% on the bid/ask in the when-issued market
  • Prior was 1.573%
  • Bid to cover 2.43 vs 6-auction avg of 2.47
This was a tough one to bid for with Powell set to speak in 90 minutes. There is a small tail here but it's not enough to spill over into FX.

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