U.S. Treasury to auction off $69 billion of two-year notes at 1 PM ET

The U.S. Treasury will auction off $69 billion to your notes at 1 PM ET. The auction results will be compared to the six month averages of the major components including:

• Tail six month average -0.3 basis points
• Bid to cover 2.62X
• Directs 17.6%
• Indirects (international buyers) 71.3%
• Dealers 11.1%

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