The Treasury sells $32B in three-year notes at a higher than expected 1.298% (.pdf)....

|By:, SA News Editor

The Treasury sells $32B in three-year notes at a higher than expected 1.298% (.pdf). Bid-to-cover ratio of 3.22, vs. a recent 3.06; indirect bidders take 34.4%, vs. a recent 34.7%. Direct bidders take 12.3%, vs. a recent 14.6%.