Today’s 3-year Treasury note auction sold $31 billion. And the high yield was a Treasury inferno!
Indirect bidders purchased smallest share of sale since December 2016.
Look at the meteoric rise of the 3-year high yield. It has risen from 0.765% in July 2016 to 2.664% in May 2018. That is almost 200 basis point increase in less than 2 years.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.