"Stellar" 3 Year Auction: Highest Bid To Cover Since 2015

Launching this week's Treasury issuance of 3, 10 and 30Y paper, this afternoon's 3-year note auction results was "stellar", as Stone McCarthy put it.
The auction stopped 0.9 bps through the 1.529% When Issued, printing at 1.520% - the third consecutive "stopping through" auction in a row - with the highest bid/cover in more than a year and a half, as 3.13 bids tendered for every dollar, the highest since December 2015, far above the 2.80 6 month average. There were $75.1BN bids for $24BN in notes sold (ex-SOMA).