Financial Wire

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

The US Treasury's 3-year auction hit a high yield of 3.897% on Tuesday, up from the 3.579% high in the previous auction.The bid to cover ratio for the auction was 2.68, above the 2.55 ratio in the previous auction.Dealers represented 55.50% of the bids, with direct bidders at 8.41% and indirect bidders at 36.09%.For takedown, dealers took 13.28%, with direct bidders at 11.91% and indirect bidders at 74.81%.

-- The US Treasury's 3-year auction hit a high yield of 3.897% on Tuesday, up from the 3.579% high in the previous auction.

The bid to cover ratio for the auction was 2.68, above the 2.55 ratio in the previous auction.

Dealers represented 55.50% of the bids, with direct bidders at 8.41% and indirect bidders at 36.09%.

For takedown, dealers took 13.28%, with direct bidders at 11.91% and indirect bidders at 74.81%.