Jul 9, 12:08 PM

US Treasury 3-Year Note Auction Sees $58B Offerings, Yields Higher at 4.41%, Fed Swaps Price in Rate Cuts

$58 billion US Treasury 3-Year Note Auction took place with a bid-to-cover ratio of 2.57 and indirect bidders at 65.2%, continuing a trend of $58 billion offerings. Yields slightly higher with a steeper curve, starting with a 3-year note auction at 1pm. WI yield at 4.41% lower than previous auctions. Fed swaps price in rate cuts pre-Powell.

#Fed

Written with ChatGPT (GPT-3).

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ACLLC@acllc2
2 years ago
$58B UST 3-Year Note Auction 1pm Last 6 Averages: Bid-to-Cover 2.57 Indirects 65.2% https://t.co/evgozsYJo2
Market Rebellion@MarketRebels
2 years ago
The Treasury plans to sell $58 billion #3Year Notes today; the auction results will be announced just after noon CDT. @petenajarian on #10year yesterday 👇 https://t.co/UBAhzLkGyE
Markets & Mayhem 🤖@Mayhem4Markets
2 years ago
$119B of Treasury notes and bonds on offer this week, starting with a 3-year note auction this afternoon https://t.co/3MHOlQlKAs

US Treasury 3-Year Note Auction Sees $58B Offerings, Yields Higher at 4.41%, Fed Swaps Price in Rate Cuts

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