Summary Box: Interest rates narrowly mixed after strong auction of $38B in 3-year notes
By APWednesday, May 12, 2010
Summary Box: Bond yields mixed after 3-yr auction
MIXED MOOD: Interest rates traded in a narrow range in the bond market Tuesday after an auction of three-year notes was met with strong demand.
AUCTION: The government sold $38 billion in three-year notes. The bid-to-cover ratio, a measure of demand, was relatively high at 3.27.
MORE TO COME: The government is selling $24 billion in 10-year notes on Wednesday and $16 billion in 30-year bonds on Thursday.
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