News Headline Summary

Results of USD 32bln 3y note auction:

- Yield 0.411% vs. Exp. 0.409%; WI stopped at 0.415%
- B/C 3.59 vs. Avg. 3.66 (Prev. 3.62)
- Indirects 18.0% vs. Avg. 28.21% (Prev. 28.53%)
- Allotted at high 31.53%

Reaction details:

- No reaction is seen in the 3y note following this auction result despite the yield stopping through the WI by 0.4bps and stronger demand, but with lower indirects and demand below the 5-auction average.

Print 18:02, 12 Feb 2013 - Fixed Income - Source: Newswires