U.S. Treasury sells $58 billion of 3 or notes at a high yield of 4.474%

AI summary

<p>The 1st coupon auction of the week was met with average demand. The US treasury sold $58 billion of 3 or notes at a high yield of 4.474%. The WI level at the time of the auction was just above that level at 4.75% creating a tale of -0.1 basis points.</p><ul><li>Bid to cover 2.72X was higher than the average of 2.62X</li><li>Domestic buyers (directs) took 26.9%, above the 20.4% average</li><li>international buyers (indirects) took 64.2% versus 65.5% average</li><li>Dealers took less than average at 10.9% vs 14.1% average. </li></ul> This article was written by Greg Michalowski at investinglive.com.