US sells 2-year notes at 0.544% vs 0.545% expected via ForexLive

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Results of the 2-year Treasury note auction.

  • Highest since May 2011
  • The when-issued bid was 0.545%
  • $29 billion sold

No biggie but rising Fed expectations are definitely creeping into the front end and putting a big flattener on the curve.

US 2 year auction history

posted via ForexLive

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