Movin’ On Up! 3-Year Treasury Auction Highest Since ’07

This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.

Interest rates are a movin’ on up!

The monthly auction of 3-year Treasury Notes saw a high yield of 2.765% as The Fed continues to raise their target rate.

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But only 34.24% of tenders were allotted at high.

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Tomorrow is the 10-year auction!

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