finance
U.S. Treasury sells $58 billion in 3-year notes at 4.179% yield
The U.S. Treasury sold $58 billion in 3-year notes. The auction produced a high yield of 4.179 percent and a bid-to-cover ratio of 2.60. Indirect bidders took 67.5 percent of the allocation.
Jul 7, 1:07 PM·1m read1 source
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The U.S. Treasury sold $58 billion in 3-year notes at a 4.179 percent yield; the auction drew a 2.60 bid-to-cover ratio with indirect bidders taking 67.5 percent. The auction stopped through by 0.6 basis points with a bid-to-cover ratio of 2.60. Indirect bidders received 67.5 percent of the notes, direct bidders took 24.75 percent, and primary dealers accounted for 7.74 percent.
Only 2.17 percent of bids were awarded at the high yield.
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