US to auction off $48 billion of 3 year notes at the top of the hour

WI yield is currently at 0.175%

The US treasury will auction off $48 billion of 3 year notes at the top of the hour. The current WI yield is at 0.175%.

The previous auction came in at 0.19%.

Other 6 month averages include:

• Bid to cover 2.43x
• Dealers 36.6%
• Directs 11.1%
• Indirects 52.3%

The six-month average tail has been 0.6 basis points.