US sells 2-year notes at lowest levels since September

2-year notes sell at 0.752% vs 0.759% WI

The bid was stronger than the when-issued market indicated and that indicates a bit more risk aversion. Still, a US 2-year yields 57 basis points more than a German 10-year and Japanese 10s remain a 0%.

It's not much yield but it's still far better than you can get almost anywhere else.

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