US treasury auctions off $42 billion of two-year notes at a high yield of 4.139%

• High-yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 4.210%.
• WI level at the time of the auction 4.152%
• Bid to cover 2.94X vs 2.59X
• Tail 1.3 basis points versus six month average of 0.2 basis points.
• Directs 18.73% versus a six month average of 21.4%.
• Indirects 64.99% versus a six month average of 57.4%.
• Dealers 16.28% versus six-month average of 21.2%

Another strong auction led by international demand. The domestic demand was lower than the six month average. Dealers were also saddled with a lower amount historically over the last six months. The Bid the cover was very strong at 2.94X vs 2.59X average.

Overall grade: B+

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term