Stellar 3Y Auction Sees Bid To Cover Spike, Record Low Dealers, First Stop Through Since Sept

After four consecutive poor, tailing 3Y auctions, moments ago the Treasury reported the results of today's sale of $58BN in 3 year paper, and it was nothing short of stellar.

The high yield of 4.300% was down 3.2bps from last month's 4.332% and stopped through the When Issued 4.313% by 1.3bps, the first non-tailing 3Y auction since September.

READ ON