U.S. Treasury sells $58 billion of 3 year notes at a high yield of 4.627%

WI level at the time of the auction: 4.622% High yield: 4.627% Tail: 0.5 basis points vs an average stop-through of 0.1 basis point Bid to cover: 2.53X vs the average of 2.64X Directs: 35.0% vs the average of 25.2% Indirects: 55.5% vs the average of 62.7% Dealers: 9.5% vs the…