The Treasury sells $32B in three-year notes at 0.427%. Bid-to-cover ratio of 3.36, vs. a recent...

The Treasury sells $32B in three-year notes at 0.427%. Bid-to-cover ratio of 3.36, vs. a recent average of 3.52; indirect bidders take 40%, vs. a recent 35%. Direct bidders take 7.8%, vs. a recent 7.4%.