The U.S. Treasury will auction off $69 billion of 2-year notes at the top of the hour:
The auction results will be compared to the six-month averages of the major components:
- Tail -0.4 basis points
- Bid to cover 2.59X
- Directs 23.0%
- Indirects 66.1%
- Dealers 10.9%
The treasury will auction off $70 billion a 5 year notes tomorrow and $44 billion of 7 year notes on Thursday.
