U.S. Treasury sells $69 billion of 2 year notes at a high yield of 3.571%

High-yield 3.571%WI level at the time of the auction 3.572%tail -0.1 basis points versus 6 month average of -0.5 basis points.Directs 30.77% versus 6 month average of 27.3%.Indirects 57.75% versus 6 month average of 61.4%bid to cover 2.51X vs 2.61XAn average auction. Not too great. Not too bad.
This article was written by Greg Michalowski at investinglive.com.

Source: investinglive.com (Read Full Article)