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US 2-year Treasury auction sells at 0.511% vs 0.512% expected

US 2-year Treasury auction sells at 0.511% vs 0.512% expected

News
Adam Button
24/06/2014 | 17:01 GMT

The US Treasury sold $30 billion of 2 year notes.

  • Highest yield since May 2011
  • The WI bid was 0.511% ahead of the auction
  • Last month the sale yielded 0.392%
  • Bid-to-cover at 3.23 vs 3.52 prior

Fractionally strong but not enough to make anything happen elsewhere.

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