No holiday for the US Treasury this week. There is $118 bln to be raised!
$44 bln 2-year notes will be sold later today. Given the huge backup in yields in the last few weeks I’d expect demand to be very strong. If you liked ‘em at 70 bp, you gotta love ‘em at 99 bp…
Markets are quiet, trading at 1.4402 and 91.55.
