US sells USD 58bln of 3-year notes; Stop through 1.2bps
The US successfully sold $58 billion of 3-year notes, yielding 3.897%, which is notably higher than previous auctions, indicating a rising rate environment.
Even before Iran cut off direct diplomacy with the US, it was sticking to a hard-line position in negotiations and showed no signs of backing down, WSJ reports
China's UN ambassador says Bahraini draft Hormuz resolution contained one-side condemnation and pressure
US sells USD 58bln of 3-year notes; Stop through 1.2bps
Apple (AAPL) plans foldable release around same time as iPhone 18 Pro, Bloomberg reports; remains on track for September debut
US, Israel and Iran accelerate strikes ahead of Trump's deadline, via NYT
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- High Yield: 3.897% (prev. 3.579%, six-auction avg. 3.579%); WI 3.909%
- Tail: -1.2bps (prev. 1.1bps, six-auction avg. -0.3bps)
- Bid-to-Cover: 2.68x (prev. 2.55x, six-auction avg. 2.66x)
- Dealers: 13.3% (prev. 19.5%, six-auction avg. 12.3%)
- Directs: 11.9% (prev. 20.7%, six-auction avg. 25.8%)
- Indirects: 74.8% (prev. 59.8%, six-auction avg. 61.9%)
The bid-to-cover ratio at 2.68x suggests strong demand, especially as indirect bidders increased significantly, accounting for 74.8%. This auction's outcome, with a positive tail and strong indirect interest, may reflect growing investor appetite for US treasuries amid prevailing economic uncertainties, potentially influencing broader rates and risk sentiment.
Related headlines
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent2 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened2 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal3 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20266 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement2 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes4 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes4 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl2 hours ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest4 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture22 min ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners3 hours ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported1 hour ago
- Japanese Machine Tool Orders (Aug YY) 64.7% (Prev. 50.4%)6 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources1 hour ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein49 min ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports1 hour ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law1 hour ago
- The Vienna meeting calls on Iran to engage seriously without conditions in confidence-building talks, Al Jazeera reports citing a US-European draft resolution2 hours ago
- Iranian media notes of controlled explosions scheduled in the south of Isfahan, Iran, until 14:00 local time (11:30 BST)4 hours ago
- Iran's MP says there is a "possibility of re-examining the plan to withdraw from the NPT in the parliament", ILNA reports 5 hours ago
The whole workspace, free to try.
Try it free