US treasury to auction off $54 billion of two-year notes at the top of the hour

Treasury to auction off at 2 year, 5 year, and 7 year notes this week

The US treasury will auction off $54 billion of two-year notes at the top of the hour. Below are the 6 month averages for the major pieces:

• Bid to cover: 2.64x
• Dealers: 31.9%
• Directs: 15.3%
• Indirects: 52.8%