finance
U.S. Treasury Sells 2-Year Notes at 4.189% Yield with 2.64 Bid-Cover Ratio
The U.S. Treasury completed a sale of 2-year notes with a high yield rate of 4.189%. The bid-cover ratio held at 2.64 while direct and indirect bidder shares shifted from prior levels.
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The U.S. Treasury sold 2-year notes at a high yield rate of 4.189 percent, up from 4.071 percent in the previous auction, @LiveSquawk reported. The bid-cover ratio came in at 2.64, unchanged from the prior sale.
Direct bidders took 34.31 percent of the offering, compared with 30.1 percent last time. Indirect bidders accepted 55.45 percent, down from 57.6 percent. The when-issued yield stood at 4.192 percent ahead of the results.
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