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FINWIRES

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

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The US Treasury's 3-year auction hit a high yield of 4.291% on Tuesday, up from the 4.179% high in the previous auction.

The bid to cover ratio for the auction was 2.71, above the 2.60 ratio in the previous auction.

Dealers represented 55.11% of the bids, with direct bidders at 14.36% and indirect bidders at 30.52%.

For takedown, dealers took 11.74%, with direct bidders at 24.02% and indirect bidders at 64.24%.

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