US treasury auctions off  $42 billion of two-year notes at a high yield of 4.673%
  - 
    WI level at the time of the auction was at 4.67%
  
 
  - High yield 4.673%
 - WI at the time of the auction was 4.67%
 - Bid to cover 2.61X vs six-month average of 2.65X
 - Tail 0.3 bps vs six-month average of 0.0 bps
 - Directs (a measure of domestic demand) 22.99% vs. six-month average of 21.2%
 - Indirects (a measure of international demand) 62.04% vs. six-month average of 57.9%
 - Dealers  14.97% vs. six-month average of 20.9%
 
       ADVERTISEMENT - CONTINUE READING BELOW       
        Telegram Community
      
 
        Gain Access