U.S. Treasury sells $40 billion a three year notes at a high yield of 4.073%


Greg Michalowski

It may be that the Fed Powell Q&A at the Economic Club had influence on demand for the three year notes.

The international demand has been quite healthy of late, but for this auction, the indirect demand was less than the six month average. Ironically domestic demand was above the average which has not been the case for recent auctions.

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