The yield is 0.198%
The U.S. Treasury will auction of $60 billion of two year notes at the top of the hour. Because of the FOMC decision on Wednesday, the auctions are getting off to a early start today (traditionally the auction would take place on Tuesday).
The six month averages of components shows:
- Bid to cover 2.35X.
- Tail 0.0 basis points.
- Dealers, 30.6%
- Directs, 16.7%
- Indirects, 2.7%
The treasury will auction off $61 billion of five year notes tomorrow, and $62 billion of seven year notes on Thursday.