Three-year Treasury Notes Sold Near Record Low
The US Treasury’s auction today sold $32 billion in 3-year notes at a yield of 0.347%, just barely above the record low yield of 0.344% of September 2011. The Treasury is set to sell $24 billion in 10-year notes tomorrow…
The US Treasury’s auction today sold $32 billion in 3-year notes at a yield of 0.347%, just barely above the record low yield of 0.344% of September 2011. The Treasury is set to sell $24 billion in 10-year notes tomorrow and $16 billion in 30-year bonds on Thursday.
Foreign central banks bought 27.7% of the notes on offer today, down from a four-week average of 38.5% and direct bidders, such as US money managers, bought 8.5% of the notes on offer, compared with a four-week average of 10%.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
