December 1, 2022

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The U.S. Treasury is to auction off $60 billion of 2 year notes at the top of the hour

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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.

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