The Treasury sells $32B in three-year notes at 0.719%. Bid-to-cover ratio of 3.35, vs. the...

|By:, SA News Editor

The Treasury sells $32B in three-year notes at 0.719%. Bid-to-cover ratio of 3.35, vs. the previous 2.95, with many buyers these days likely covering short Treasury bets; indirect bidders take 35.6%, vs. last month's 33.1%. Direct bidders take 13%, vs. the previous 8.4%.