๐จ U.S. TREASURY 3-YEAR AUCTION: SOLID DEMAND ๐
The U.S. Treasury sold $58B of 3-year notes at a 4.932% yield, slightly below the 4.934% pre-auction level.
๐ Key numbers:
๐ฆ Primary dealers: 10.7%
๐ฏ Direct bidders: 31.7% โ well above the recent 21.5% average
๐ Indirect bidders: 57.6%
๐ Bid-to-cover: 2.62ร vs 2.65ร six-auction average
๐ก My take: The auction looks broadly healthy. Strong direct-bidder participation helped push the clearing yield slightly lower, while the short end of the Treasury curve showed little reaction.
๐ For crypto traders, keep watching Treasury yields + liquidity + BTC reaction. These can influence risk appetite across markets.
$BTC $ETH โ macro still matters. ๐๐
#Bitcoin #Ethereum #Crypto #Treasury #US10Y
The U.S. Treasury sold $58B of 3-year notes at a 4.932% yield, slightly below the 4.934% pre-auction level.
๐ Key numbers:
๐ฆ Primary dealers: 10.7%
๐ฏ Direct bidders: 31.7% โ well above the recent 21.5% average
๐ Indirect bidders: 57.6%
๐ Bid-to-cover: 2.62ร vs 2.65ร six-auction average
๐ก My take: The auction looks broadly healthy. Strong direct-bidder participation helped push the clearing yield slightly lower, while the short end of the Treasury curve showed little reaction.
๐ For crypto traders, keep watching Treasury yields + liquidity + BTC reaction. These can influence risk appetite across markets.
$BTC $ETH โ macro still matters. ๐๐
#Bitcoin #Ethereum #Crypto #Treasury #US10Y