Yonhap Infomax NewsUS 2-year Treasury auction draws weak demand with yield settling at 3.936%, significantly above market expectations, as bid-to-cover ratio falls to lowest since May 2024 and primary dealer takedown surges to highest since October 2022, triggering sharp yield spike in secondary market amid Middle East deployment news.
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https://en.infomaxai.com/news/articleView.html?idxno=111815
Weak Demand at US 2-Year Treasury Auction - Yield Significantly Exceeds Expectations
US 2-year Treasury auction draws weak demand with yield settling at 3.936%, significantly above market expectations, as bid-to-cover ratio falls to lowest since May 2024 and primary dealer takedown surges to highest since October 2022, triggering sharp yield spike in secondary market amid Middle East deployment news.