Treasury Sells $24 BIllion in 3 Year Paper In Mediocre, Tailing Auction

Moments ago the Treasury sold $24 billion in 3 Year paper in an auction that was uneventful, if somewhat on the weaker side.
The high yield of 1.572% tailed the When Issued by 1 basis point, and was higher than both last month’s 1.517% and the last six auction average of 1.423%.

This post was published at Zero Hedge on May 9, 2017.