U.S. Treasury to auction off $50 billion of three year notes at the top of the hour

The U.S. Treasury is starting its refunding this week with the sale of $50 billion of three year notes at the top of the hour.The six month averages for some of the key components shows:Bid to cover 2.43XDirects (a measure of domestic demand) 18.0%Indirects (a measure of international demand) 54.6%D