美国3年期国债中标收益率低于发行前交易水平 直接投标人获配创纪录

Core Viewpoint - The U.S. Treasury issued $58 billion in 3-year notes with a high yield of 3.609%, indicating slightly stronger than expected demand, although market reaction was limited with yields rising approximately 1.5 basis points [1][3]. Group 1: Auction Details - The bid-to-cover ratio was 2.65, aligning with the average of the past six auctions [2][4]. - Primary dealers received 14% of the allocation, the highest since August [1][3]. - Indirect bidders' allocation dropped to 56.5%, while direct bidders' allocation rose to a record 29.5% [1][3]. Group 2: Market Reaction - The yield on 3-year notes increased by about 1.5 basis points during the day, approaching the day's high, with the yield curve generally steepening [1][3].