News Headline Summary
USD 40bln 3y NOTE AUCTION PREVIEW
FIXED INCOME
Today the Treasury is set to auction USD 40bln in 3 notes at the fourth consecutive offering in this size and maturity, the results are expected few minutes past 1800 GMT (1200 CST). Looking at the historical data, the b/c during the last auction which was conducted in January was 2.98 and the average of the last five is equal to 3.01. Indirect bidders accounted for 38.09% of the total amount during the previous auction and the average size of indirect bids during the last five auction stands at 54.12%.
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