{"id":432623,"date":"2026-06-24T00:03:34","date_gmt":"2026-06-23T17:03:34","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-treasury-so-69-billion-of-two-year-notes-at-a-high-yield-of-4-189-432623\/"},"modified":"2026-06-24T00:03:34","modified_gmt":"2026-06-23T17:03:34","slug":"us-treasury-so-69-billion-of-two-year-notes-at-a-high-yield-of-4-189","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-treasury-so-69-billion-of-two-year-notes-at-a-high-yield-of-4-189-432623\/","title":{"rendered":"US treasury so $69 billion of two-year notes at a high yield of 4.189%"},"content":{"rendered":"<div>\n<p>The U.S. Treasury sold $69 billion of two-year notes at a high yield of<\/p>\n<ul>\n<li>WI  level at the time of the auction 4.192%<\/li>\n<li>Tail -0.3 basis points versus six auction average of 0.1 basis points<\/li>\n<li>Bid to cover ratio 2.64Xversus average of 2.61X<\/li>\n<li>Directs 34.3% versus average of 29.1%<\/li>\n<li>Indirects 55.5% versus average of 57.8%<\/li>\n<li>Dealers 10.2% vs average of 13.0%<\/li>\n<\/ul>\n<p>AUCTION GRADE: B+<\/p>\n<p>The two year is typically a well received auction with lots of demand. Today&#8217;s auction was certainly better-than-average thanks to strong demand from domestic US buyers. <\/p>\n<p>Today&#8217;s auction came in the tail of  -0.3 basis points. The bid to cover was near the average that the domestic demand was strong and 34.3% will have a six month average while the international demand was just below the norm. Because of domestic demand, the dealers were left with less than the average.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Treasury sold $69 billion of two-year notes at a high yield of WI level at the time of the auction 4.192% Tail -0.3 basis points versus six auction average of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432623","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432623"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}