U.S. 2-year notes high yield 4.708%
TLT•The U.S. Treasury’s 2-year note auction had a high yield of 4.708%, a bid-to-cover ratio of 2.59 and total accepted bids of $69.0 billion.
1. Auction results
The U.S. Treasury said its auction of 2-year notes produced a high yield of 4.708% and a median yield of 4.655%. Total accepted bids were $69.0 billion, against $178.6 billion in public bids tendered, and the bid-to-cover ratio was 2.59.
