US sells $68 billion of 2-year notes at 1 PM

The US treasury will present $68 billion of 2-year notes at 1 PM ET. The two-year notice public sale is the primary of three coupon auctions this week. The treasury will public sale 5 and seven-year notes on Tuesday and Wednesday respectively earlier than the Thanksgiving vacation on Thursday.

Final week the US treasury auctioned off 20-year bonds. That public sale was poor with a 3 foundation level tail which was nicely above the six-month common. The sellers had been left with some 22% of the public sale quantity.

The six-month averages of the key parts for the two-year notice exhibits:

• Bid to cowl 2.62X
• Tail -Zero.2 bps
• Directs (home demand), 20.6%
• Indirects (worldwide demand) 65.eight%
• Sellers: 13.6%

This text was written by Emma Wang at www.ubaidahsan.com.



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