U.S. Treasury's Three-Year Note Auction Expected to Go Well
Dow Jones
Oct 06
0531 GMT - U.S. three-year yields have risen by 48 basis points since the last auction and if they clear at this level, it would be the highest yielding three-year auction since May 2006, J.P. Morgan strategists say ahead of Tuesday's three-year note auction. The U.S. Treasury will auction $58 billion in three-year notes and the strategists expect the offer to be well received. "Given a more supportive macro and technical backdrop, we think tomorrow's [Tuesday's] auction will be digested smoothly," they write in a note. The three-year Treasury yield declines 0.2 basis point to 4.958%, according to Tradeweb.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.