April 23, 2024 17:05 GMT
Review 2Y Note Auction: Trades Through
US TSYS/SUPPLY
- Tsy futures trade near recent highs after the $69B 2Y note auction (91282CKK6) trades through - drawing 4.898% high yield vs. 4.905% WI; 2.66x bid-to-cover vs. 2.62x prior.
- Indirect take-up at 66.22% vs. 65.76% prior, directs took 18.70% vs. 20.88% last month, primary dealer take-up 15.05% vs. 13.36% prior.
- The next 2Y auction is tentatively scheduled for May 28.
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