U.S. Treasury auctions off $69 billion of 2-year notes at a high yield of 4.434%

July 23, 2024 at 06:05PM
US treasury auctions off $69 billion at a high yield of 4.434%

High yield 4.434%

Tail -2.3 basis points vs six month average of 0.2 basis points

Bid to cover 2.81X vs six month average of 2.58X

Direct (a measure o domestic demand) 14.42% versus six month average of 21.0%

Indirects (international demand) 76.57% versus six month average of 64.3%

Dealers 9.01% versus six month average of 14.7%

This article was written by Greg Michalowski at www.forexlive.com.

U.S. Treasury auctions off $69 billion of 2-year notes at a high yield of 4.434%