Solid 2Y Auction Stop Through Despite Weak Foreign Demand With attention firmly on the equity meltup which has sent the S&P 1% higher and the Nasdaq looks like it will close in record territory, moments ago we had the week’s first Treasury coupon auction when some $69BN in 2 Year notes were sold to what was a very smooth reception. The high yield of 3.786% was down from 3.955% in May and the lowest since Sept 2024. It also stopped through the When Issued 3.787% by 0.1bps, which was the 4th through auction in the past five for the tenor.… — Continue at ZeroHedge News : Read More
