$69 Billion 2-Year Treasury Auction Comes in Soft
The auction’s final yield was 0.3 basis points above where bonds traded before the bidding deadline, BMO analysts said.
1352 ET - Results of the $69 billion 2-year Treasury auction come in soft, with a final yield 0.3 basis points higher than where bonds were trading in the open market before the bidding deadline, BMO analysts say in a note. That means demand fell short and the Treasury had to offer an extra discoun…