
The U.S. Treasury has announced a series of auctions for various bills and notes. On June 10th, the Treasury will sell $70 billion in 3-month bills, $70 billion in 26-week bills, $70 billion in 13-week bills, and $46 billion in 52-week bills, all set to settle on June 13th. Additionally, $39 billion in reopened 10-year notes and $22 billion in reopened 30-year bonds will be auctioned on June 11th and June 13th, respectively, with settlements on June 17th. The 4-week bill auction saw a high rate of 5.270% and a bid-to-cover ratio of 2.81, with $70 billion sold. The 3-month bill auction had a high rate of 5.250% and a bid-to-cover ratio of 2.75, selling $71 billion. The 6-month bill auction recorded a high rate of 5.165% and a bid-to-cover ratio of 3.09, also selling $71 billion. In the 3-year note auction, the high yield was 4.659%, with a bid-to-cover ratio of 2.43, selling $58 billion.

The Treasury sale of $58 billion 3 Year Notes was weak. The yield at 4.659% was more than a full basis point higher than the market at the bidding deadline
⚠️ U.S. TREASURY THREE-YEAR YIELDS MOVE HIGHER AFTER $58 BLN NOTE AUCTION, LAST UP 2.5 BPS AT 4.682%
🇺🇸 United States 3-Year Note Auction $USD Actual: 4.659% Previous: 4.605%