US sells USD 69bln 2yr notes; on the screws

  • High Yield: 4.071% (prev. 3.812%, six-auction average 3.629%)
  • Tail: 0.0bps (WI 4.071%; prev. tail 0.1bps, six-auction average 0.2bps)
  • B/C: 2.64x (prev. 2.65x, six-auction average 2.62x)
  • Dealers: 12.3% (prev. 11.9%, six-auction average 12.8%)
  • Directs: 30.1% (prev. 31.6%, six-auction average 29.2%)
  • Indirects: 57.6% (prev. 56.5%, six-auction average 57.9%)
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