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Business & Finance

US Treasury 3-year note fetches 1.27pc

Published Updated

imageWASHINGTON: The US Treasury auctioned $24 billion in three-year notes on Tuesday at a high yield of 1.27 percent, up from 0.90 percent in October's auction.

Of the total, 22.9 percent was alloted at the high yield.

The bid-to-cover ratio was 2.82, down from 3.14 last month.

Direct bidders took 15.10 percent of the sale, and indirect bidders 40.81 percent.

Copyright AFP (Agence France-Presse), 2015

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