US 10-Yr Treasury Yield Rises 1.7 Basis Points to 4.43%, 2-Year Rate Climbs 2.1 Basis Points to 3.97% Early Tuesday

US Treasury Closing Levels

3:00 Monday vs 3:00 Friday2yr 99-20 vs 99-23; 3.943% vs 3.891%5yr 99-04+ vs 99-12; 4.066% vs 4.011%10yr 97-24 vs 98-03+; 4.408% vs 4.363%30yr 96-11+ vs 96-30; 4.984% vs 4.946%2/10 46.319 bps vs 47.024 bps5/30 91.694 bps vs 93.319 bps

US 3-Year Auction High Yield Rises From Previous Month, Demand Lower

The US Treasury's 3-year auction hit a high yield of 3.965% on Monday, up from the 3.897% high in the previous auction.The bid to cover ratio for the auction was 2.54, below the 2.68 ratio in the previous auction.Dealers represented 58.17% of the bids, with direct bidders at 9.96% and indirect bidders at 31.88%.For takedown, dealers took 16.90%, with direct bidders at 20.14% and indirect bidders at 62.96%.

US 3-Year High Yield 3.965% vs 3.897% Previous; Bid/Cover 2.54 vs 2.68 Previous