Bid to cover highest since November 2015
- US sells 26 billion of 2 year notes at a rate of 1.348%. The highest yield at an auction since October 2008
- 14.88% of bids at the high yield
- Bid to cover 3.03. Highest since November 2015
- Tail of less than 1 bp from 1 PM WI level
- A strong buying interest at the higher yield.
