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And Jefferies' Tom Simons said........>

US TSYS/BILLS
US TSYS/BILLS: And Jefferies' Tom Simons said today's "three-month bill auction
stopped with a 1 basis point tail at 1.050%. This is the highest yielding
3-month bill since July 31st. Frankly, this was the worst auction in a while.
The 2.89 bid cover is the lowest since July 24th."
- He adds that "indirect bidders took down 19.7%, which is their weakest
takedown since May 1st, 2017. Directs took down 8.1%, which is at the upper end
of the recent range. Dealers took down a 72.2% which is their biggest takedown
since May 1st."

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