US sells 3-year notes at 4.605% vs 4.608% WI

  • Results of the $58 billion sale of 3-year notes
Treasury bond auction
  • Prior was 4.548%
  • Bid to cover 2.63 vs 2.50 prior

This is a good sign for the bond market, which has been doing better since the FOMC and non-farm payrolls.

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