$58bln 3y auction stops thru 1.7bp (prior 0.2bp stop thru, 6-auction avg 0.1bp tail)

TREASURY WI 3Y YIELD 3.457% BEFORE $58 BILLION AUCTION US THREE-YEAR NOTES DRAW 3.440%; ALLOTTED AT HIGH 41.38%

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BoE: 25bp cut; 8-1 vote; CPI f’casts revised up; Bailey to go meet-by-meet, no repeat of ‘more activist’ line FOMC:

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