US Treasury to sell $60B of 2 year notes at the top of the hour

The 6 month averages for the 2 year auction

The US treasury will sell $60 billion of two-year notes at the top of the hour.  Below are some of the prior auction averages:
  • Last auction high yield 0.119%. The average over the last 6 months 0.139%
  • Bid to cover.  2.52x six-month average
  • Dealers. 32.6% six-month average
  • Directs: 15.1% six-month average
  • Indirects: 52.3% six month average
The current WI is trading at 0.1525%
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