US treasury auctions off $60 billion of two-year notes
– WI 0.152%
– High yield 0.152%
– Dealers 31.73% vs 32.6% six month average
– Directs 17.58% vs 15.1% six month average
No big surprises in the auction. The numbers were near 6 month averages. The high yield was right on the WI level at the time of the auction.
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