The US treasury will auction off $58 billion of 3-year notes at the top of the hour. The auction results will be compared to the six-month averages of the major components. Those averages show:
- Bid to cover 2.61X
- Tail: 0.5 bps
- Directs (domestic buyers): 18.2%
- Indirects (international buyers) 66.6% Dealers 15.1%
This article was written by Greg Michalowski at www.forexlive.com.