US treasury auctions off $69 billion of two-year notes 3.955%
- High yield 3.955%
- WI level at the time of the auction 3.965%.
- Tail -1.0 basis points versus six-month average of -0.4 basis points.
- Bid to cover 2.57X vs average of 2.65X
- Directs 26.2% versus six-month average of 16.4%
- Indirects 63.3% versus six-month average of 72.7%
- Dealers 10.5% versus six-month average of 10.9%