US sells 2-year notes at four.274% vs four.292% WI

• Prior was four.13%

• Indirects had been awarded 71.6% vs. a median of
  65.eight%, that is additionally the 2nd highest on report

Even with at present’s large rally in fastened earnings, that is the best yield in 4 months. Nonetheless, it is a 1.eight bps cease by and that highlights real-money demand for fastened earnings, which is a formidable endorsement of Scott Bessent.

This text was written by Adam Button at www.ubaidahsan.com.



Source link