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US treasury auctions off $58 billion of 3- year notes at a high yield of 3.908%
USD
- High yield 3.908%
- WI level at the time of the auction 3.902%
- Tail +0.6 basis points versus 0.0 basis points 6- month average
- bid to cover 2.70X versus 6-month average of 2.62X
- Directs 26.0% versus 6-month average of 16.8%
- Indirects 62.53% versus 6-month average of 67.5%
- Dealers 11.47% versus 6-month average of 15.7%
Source: Forex Live
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