U.S. Treasury to auction off three year notes
The U.S. Treasury will auction off $36 billion of 10 year notes at the top of the hour. The six month average of key auction components shows:
- bid the cover, 2.52X.
- Dealers, 13.8%.
- Directs, 16.3%
- Indirects, 69.8%
The last auction came in at a high yield of 1.444% and had a sloppy tail of 1.2 basis points. The six month average of tails are -0.8 basis points.
US yields are higher once again today with the current 10 year trading up at 1.52% that is up 4.1 basis points.
