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Two-Year Line Expected to Be Digested Relatively Smoothly

US TSYS

US 2y Yield traded at a post-pandemic high this morning of 0.2881%, possibly partial concession being built in ahead of the sale.

  • When-issued at 0.300% for the 2y line, which is expected to pass relatively smoothly, with the 5yr line later today possibly requiring more concession.
  • Results due in just over 10 minutes, followed by 5yr in 90 minutes.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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