3 year note auction to take place at the top of the hour
US treasury will auction off $42 billion of 3 year notes at the top of the hour. The recent history shows
- bid to cover six-month average 2.44x
- dealers six-month average 35.9%
- Directs six-month average 13.9%
- Indirects six-month average 50.2%
- The current WI it is trading at 0.23%
