US sells USD 58bln of 3-year notes; tail 0.5bps
ORIGINAL · NewsquawkUS sells USD 58bln of 3-year notes; tail 0.5bpsRead originalHide original
High Yield: 4.627% (prev. 4.932%, six-auction avg. 4.369%); WI: 4.622%. Tail: 0.5bps (prev. -0.2bps, six-auction avg. -0.1bps) Bid-to-Cover: 2.53x (prev. 2.62x, six-auction avg. 2.64x) Dealers: 9.5% (prev. 10.7%, six-auction avg. 12.1%) Directs: 35% (prev. 31.7%, six-auction avg. 25.2%) Indirects: 55.5% (prev. 57.6%, six-auction avg. 62.7%)
The U.S. sold $58 billion of 3-year notes at a 4.627% high yield, with a 0.5-basis-point tail, a 2.53x bid-to-cover ratio, and reported bidder shares.
News detail
High Yield: 4.627% (prev. 4.932%, six-auction avg. 4.369%); WI: 4.622%. Tail: 0.5bps (prev. -0.2bps, six-auction avg. -0.1bps) Bid-to-Cover: 2.53x (prev. 2.62x, six-auction avg. 2.64x) Dealers: 9.5% (prev. 10.7%, six-auction avg. 12.1%) Directs: 35% (prev. 31.7%, six-auction avg. 25.2%) Indirects: 55.5% (prev. 57.6%, six-auction avg. 62.7%)
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