{"id":441785,"date":"2026-11-10T02:40:05","date_gmt":"2026-11-09T19:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/u-s-treasury-sells-58-billion-of-3-year-notes-at-a-high-yield-of-4-627-441785\/"},"modified":"2026-11-10T02:40:05","modified_gmt":"2026-11-09T19:40:05","slug":"u-s-treasury-sells-58-billion-of-3-year-notes-at-a-high-yield-of-4-627","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/u-s-treasury-sells-58-billion-of-3-year-notes-at-a-high-yield-of-4-627-441785\/","title":{"rendered":"U.S. Treasury sells $58 billion of 3 year notes at a high yield of 4.627%"},"content":{"rendered":"<div>\n<ul>\n<li>\n<p>WI level at the time of the auction: 4.622%<\/p>\n<\/li>\n<li>\n<p>High yield: 4.627%<\/p>\n<\/li>\n<li>\n<p>Tail: 0.5 basis points vs an average stop-through of 0.1 basis point<\/p>\n<\/li>\n<li>\n<p>Bid to cover: 2.53X vs the average of 2.64X<\/p>\n<\/li>\n<li>\n<p>Directs: 35.0% vs the average of 25.2%<\/p>\n<\/li>\n<li>\n<p>Indirects: 55.5% vs the average of 62.7%<\/p>\n<\/li>\n<li>\n<p>Dealers: 9.5% vs the average of 12.1%<\/p>\n<\/li>\n<\/ul>\n<p>Auction grade: C\u2212<\/p>\n<p>The auction was a little below average. The high yield came in 0.5 basis points above the when-issued level, and the bid to cover fell short of its average. Indirect bidders took a smaller share than usual, but direct bidders stepped up, taking 35.0% against an average of 25.2%. That helped keep the dealer takedown below average at 9.5%. The strong direct demand softened the result, but the tail and lighter overall bidding tipped the grade to a C\u2212.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WI level at the time of the auction: 4.622% High yield: 4.627% Tail: 0.5 basis points vs an average stop-through of 0.1 basis point Bid to cover: 2.53X vs the average of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441785","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441785"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}