Main PageJune 24, 2025

US treasury sells $69 billion of two-year notes at a high yield of 3.786%

The U.S. Treasury sold $69 billion of two-year notes:

  • High yield 3.786%
  • WI level at the time of the auction 3.787%
  • Tail-0.1 basis points
  • Bid-to-Cover 2.58X versus six month average of 2.62X
  • Directs 26.3% versus six month average of 17.6%
  • Indirect 60.5% versus six month average of 71.3%
  • Dealers 13.2% versus six month average of 11.1%

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