The US Treasury will auction $42 billion of reopened two-year notes at 1:00 p.m. CET

The US Treasury will auction off $42 billion reopened to your bills at the top of the hour. The averages of the main components over the past 6 months show: Bid-to-Cover: 2.71x Tail: -0.2 bps Directs (domestic demand rate) 20.0% Indirect (domestic demand rate) 61.9% Sellers: (they take the rest) 18.1%) The last auction high […]