With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid. The auction priced at a high yield of 4.192%, up from 3.965% in May and the highest yield since Feb '25. It tailed the When Issued 4.189% by 0.3bps, the 2nd consecutive tail.The bid to cover was 2.645, up from 2.540 last month, and above the recent average of 2.614. The internals were also solid, with Indirects awarded 63.7%, up from 62.96%, though just below the 6-auction average of 63.87%. Directs were awarded 21.01%, modestly higher than 20.14% last month leaving dealers holding 15.28%, a slight decline from 16.90% last month.Overall, this was an average auction, with forgettable metrics, which was to be expected in light of the broader market selling that provided a buffer to any lack of buyer demand. It also signaled that despite expectations that tomorrow's CPI will be the first 4%+ print in 4 years, the bond market isn't too worried... yet.