iShares S&P 500 Index (ETF) (IVV) |
Why was demand lower at the 3-year Treasury note auction?
The U.S. Treasury holds monthly auctions for three-year Treasury notes (or T-notes). Three-year notes are one of the most sensitive maturities to short-term rate movements. So these auctions are closely watched by stock (IVV)(DIA) and bond (UST) market participants.