US treasury to auction off $40 billion of 3 year notes at the bottom of the hour

The U.S. Treasury will auction off $40 billion of three-year notes (2 year 11 month actually) at the bottom of the hour. The auction is the first of two note auction today. Later at 1 PM, the U.S. Treasury will auction off 10 year notes. With the Fed interest rate decision on Wednesday, the treasury is frontloading its auctions this week to Monday and Tuesday from the normal Tuesday, Wednesday and Thursday auction calendar.

The six-month component averages for the 3 year show:

• Tail -0.1 basis points
• Bid to cover 1.50X
• Directs (a measure of domestic demand) 19.8%
• Indirects (a measure of international demand) 56.3%
• Dealers 22.7%

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term