Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Treasury Sells A Record $46BN In 3Y Notes At A Record Low Yield

Courtesy of ZeroHedge View original post here.

Another month, another double-record auction.

With the US ramping up coupon issuance to fund trillions and trillions in helicopter money deficits, moments ago the US Treasury sold a record $46 billion in 3Y treasuries at a new record low yield of just 0.190%, 9bps below last month's 0.28% if fractionally tailing the 0.189% When Issued.

The bid to cover came at 2.44, slightly better than the 6-auction average of 2.429 if below June's 2.55.

The internals were solid with Indirects taking down 54.3%, also above the recent average of 51.1, and above last month's 53.3, and with Directs taking down 13.3%, or roughly their usual fare of 11.7%, Dealers were left holding 32.4%, slightly below the recent average of 37.2.

Overall, an remarkable auction in just how easy it was for the Treasury to sell another record amount of short-term debt despite a virtually non-existant yield, and in fact, if anything the only thing remarkable is that with yields rapidly approaching negative rates stocks remain so well bid even as the bond market is saying the odds of inflation have never been higher.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!