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Three-Year Note Auction Attracts Below Average Demand

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by , 03-15-2024 at 06:57 AM (104 Views)
      
   
The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Monday, revealing this month's auction of $56 billion worth of three-year notes attracted below average demand. The three-year note auction drew a high yield of 4.256 percent and a bid-to-cover ratio of 2.60.

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