US treasury auctions $69B of 2 year notes at a high yield of
The US treasury auctions $69B of 2 year notes at a high yield of 4.071%
- WI at the time of the auction 4.071%
- Bid to cover 2.64X vs average of 2.62X
- Dealers 12.3% vs 12.8 avg
- Directs 30.1% vs average of 29.2%
- Indirects 57.6% vs 6-month average of 57.9%
- Dealers 12.3% vs average of 12.8%
Auction Grade: C
The details are congruent with the averages over the last 6-months.
This article was written by Greg Michalowski at investinglive.com.