 The US treasury will auction off 40 billion of 3 year notes at the top of the hour. The auction is the first of the three this week in the notebond sector. Tomorrow the treasurer will auction off 10 year notes and on Thursday, they will auction off 30 year bonds.The six-month averages of major components shows:Bid to cover 2.52XTail, 0.1 basis pointDirects a proxy for domestic demand 19.3Indirects a proxy for international demand 59.2 