A Treasury Department auction of 3-year notes worth $58 billion on Tuesday afternoon saw adequate demand.
Investors accepted a yield of 3.972%, compared with the 3.968% seen before the deadline for bidding. When investors demand slightly higher yields, it indicates the government had to offer more yield for investors to buy its debt.
That’s typically a sign of soft demand, but there are other metrics that help offset that claim.
www.barrons.com
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