Yield on US 2-Year Treasury Note at Auction Falls Below Pre-Auction Trading Level
According to Jinse Finance, the U.S. Treasury auctioned $69 billion in two-year bonds, with a winning yield of 3.920%. The pre-auction trading level at the 11:30 a.m. New York bidding deadline was 3.925%, showing little change during the day. The market reaction to the auction results was minimal. Primary dealers were allocated 10.3%, lower than the previous auction, while direct bidders’ allocation rose to 34.4%, and indirect bidders’ allocation fell to 55.3%. The bid-to-cover ratio was 2.62, in line with the average of the previous six auctions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A long position in MON worth $6.5 million was fully liquidated.
ViaBTC donates approximately 3 million HKD to support Tai Po fire relief and community reconstruction in Hong Kong
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
