December 6, 2022

Forex Solution

Learn To Trade Forex

U.S. Treasury sells $60 billion of two year notes at a high yield of 0.213%

1 min read

U.S. Treasury sells $60 billion of two year notes at a high yield of 0.213%


US sells two year note auction

  • High yield 0.213% versus 0.215% WI
  • Bid to cover 2.47 times vs 2.54x six month average
  • Dealers 25.9% vs six month average of 30.6% average
  • Directs 21.26% versus six month average of 16.7%
  • Indirects 52.76% versus six month average of 52.7%

The auction is a B grade

  • The high yield was lower than the WI by 0.2 basis point
  • The bid the cover was a bit short of the six month average
  • Dealers were saddled with much less than the six month average
  • The demand came from the domestic side (i.e. direct bidders).  Overseas demand was near the six month average (indirect bidders).

Invest in yourself. See our forex education hub.
















































Source link