Bid to cover at 2.59x vs 2.54x at the last auction

The US treasury completed its 38 billion option of three-year notes at a high yield of 2.748%

  • Bid to cover comes in at 2.59x vs 2.54x at the last auction
  • Allotted at the IE 4.56%
  • WI was at 2.745%.
  • 50.5% to indirect bidders
  • 12.5% to direct bidders
  • 37% to primary dealers