US sells USD 58bln of 3-year notes; stops through 0.1bps
The recent auction of USD 58 billion in 3-year notes shows a mixed but slightly positive demand, with a tail of -0.1bps indicating tight pricing relative to the auction's high yield.
US sells 6-month bills at high rate 3.490%, B/C 3.17x
US Senate Banking Committee Republican Cramer says Fed Chair Powell is no criminal, calls for quick end to Fed probe to "restore confidence" in the Fed
US sells USD 58bln of 3-year notes; stops through 0.1bps
European Closes: Euro Stoxx 50 +0.32% at 6,017, Dax 40 +0.54% at 25,398, FTSE 100 +0.16% at 10,141, CAC 40 -0.04% at 8,359, FTSE MIB +0.03% at 45,732, IBEX 35 +0.14% at 17,674, PSI -0.31% at 8,494, SMI +0.02% at 13,425, AEX +0.54% at 994.
Novo Nordisk (NVO) CEO says Trump administration's straightforward approach has made deal-making easier, via JP Morgan conference
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: 3.609% (prev. 3.614%, six-auction avg. 3.636%): WI 3.610%
- Tail: -0.1bps (prev. -0.8bps, six-auction avg. -0.4bps)
- Bid-to-Cover: 2.65x (prev. 2.64x, six-auction avg. 2.65x)
- Dealers: 14% (prev. 9.0%, six-auction avg. 12.0%)
- Directs: 29.5% (prev. 19.0%, six-auction avg. 24.6%)
- Indirects: 56.5% (prev. 72.0%, six-auction avg. 63.3%)
Notably, the increase in direct bids could signal stronger institutional interest, which may support short-term yields; however, the lower indirect bid suggests potential caution in broader market sentiment. Overall, this auction may reinforce the current yield outlook without drastically altering the interest rate environment.
Related headlines
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print2 days ago
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+2 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- Daily US Equity Opening News: ORCL gains on earnings and FY guidance beat; ADBE weighed by slight Q4 revenue miss; SMR downgraded2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC2 days ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- US President Trump reiterates USD 5k payment to all US adults will happen 2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- [MARKET UPDATE] Action seen after US CPI has reversed, with XAU above pre-data levels, USD under pressure while fixed income and equity futures have entirely reversed the move and are extending to the upside2 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
The whole workspace, free to try.
Try it free