The US treasury will auction off the three year notes at the top of the hour. The six-month averages of the major components shows:
Tail: -0.2 basis pointsBid to cover: 2.57XDIrects (domestic buyers): 18.7%Indirects (international Buyers): 66.5%Dealers (they take the rest) 15.8%
THe high yield last month came in at 4.13%
The current 3 year yield is at 4.150%, down around 3 bps on the day.
This article was written by Greg Michalowski at www.forexlive.com.
