US sells USD 69bln of 2-year notes; Tail 1.8bps

Newsquawk StaffPublished 24 Mar 2026, 17:22 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

17:10

Volkswagen (VOW3 GY) to shift production to missile defense at one factory in deal with Israeli company, according to FT

17:04

US to order 3,000 82nd airborne soldiers to the Middle East and plans to deploy Brigade combat team to support Iran operations, according to WSJ

17:02

US sells USD 69bln of 2-year notes; Tail 1.8bps

16:59

Venezuela Opposition Leader Machado says Venezuela could eventually produce as much as 5mln BPD of crude oil

16:54

Arm (ARM) reportedly expands compute platform with Meta (META) for silicon products; will sell its own chips for the first time in bid for AI revenue

On the Newsquawk feed at 17:02, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

High Yield: 3.936% (prev. 3.455%, six-auction avg. 3.516%): WI 3.918%
Tail: 1.8bps (prev. 0.1bps, six-auction avg. -0.2bps)
Bid-to-Cover: 2.44x (prev. 2.63x, six-auction avg. 2.62x)
Dealers: 24.12% (prev. 9.8%, six-auction avg. 10.7%)
Directs: 16.5% (prev. 34.3%, six-auction avg. 32.1%)
Indirects: 59.38% (prev. 55.9%, six-auction avg. 57.2%)

Context

The recent auction of 2-year notes showed increased yield and a notable tail, indicating weaker demand relative to previous auctions. Although the high yield rose significantly, the bid-to-cover ratio decreased, suggesting hesitance among investors which may influence short-term rate expectations and impact broader fixed-income markets.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/14 Oct · 12:30 UTC

US Core CPI (Sep MM) 0.3% vs. Exp. 0.2% (Prev. 0.3%).

- USD/JPY, after we published+0.3%

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform