US sells 3-year notes at 0.426% vs 0.424% WI
US $58 billion, 3-year note sale
- This is a new issue
This is a touch on the soft side and we're seeing a bit of selling in Treasuries afterwards, particularly in the front end. The market is focused on the 10-year sale later and that will have larger reverberations.
5s are back above 0.80% after trading at a low of 0.765% earlier today. That's a decent move in the belly.