US 2-year note auction tails 0.2bp; high yield 4.787%, bid-to-cover 2.63

The US Treasury's $69 billion 2-year note auction stopped at a high yield of 4.787%, tailing the when-issued yield by 0.2 basis points, with bid-to-cover of 2.63. Primary dealers took 13.19%, direct bidders 29.02% and indirect bidders 57.79%.

Detected & updated continuously · Source: Nebula