With a new AA+ rating in hand, the Treasury begins quarterly refunding, selling $32B in...

|By:, SA News Editor

With a new AA+ rating in hand, the Treasury begins quarterly refunding, selling $32B in three-year notes at 0.5% (.pdf). Bid-to-cover ratio of 3.29, vs. a recent 3.25; indirect bidders take 47.9%, vs. a recent 34.1%. Direct bidders take 11.1%.