The 3 year WI is trading at 2.445%
The US treasury will auction $38B of 3 year notes at the top of the hour.
- The WI is trading at 2.445%.
- The last auction resulted in a high yield of 2.502%.
- The Bid to cover was at 2.55 times.
- The 6 month average for bid to cover is 2.56 times.
- Indirects were 45.7% last and directs came in at 18.5%.