U.S. 2-Year Treasury Auction Shows Slightly Softer Demand
The auction had a 4.708% yield, a 2.59 bid-to-cover ratio and an 80.83% share allotted at the high. The coupon was 4.625%; indirect and direct bids were 45.7% and 41.3%.
The auction had a 4.708% yield, a 2.59 bid-to-cover ratio and an 80.83% share allotted at the high. The coupon was 4.625%; indirect and direct bids were 45.7% and 41.3%.