No Shortage Of Demand For Largest Ever 2Y Treasury Auction
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No Shortage Of Demand For Largest Ever 2Y Treasury Auction

Tyler Durden

Tue, 06/23/2020 - 13:18

One month after the Treasury sold 2Y notes at an all time low yield of 0.176%, a time when the market was concerned with negative yields hitting as soon as November, moments ago the US Treasury sold a record $46BN in 2Y notes in a generally strong auction.

Starting at the top, today's auction priced at a yield of 0.193%, stopping through the When Issued 0.197% by 0.4bps, and...

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