US treasury auctions $42B of two-year notes at a high yield of 4.67% | Forexlive

• High-yield 4.67%
• WI level at the time of the auction 4.678%
• Bid-to-Cover 2.86X versus 6 month average of 2.71x
• Tail -0.8 bps versus a 6 month average of -0.2bps
• Directs (a measure of domestic demand) 18.2% versus 6 month average of 20.0%
• Indirect (a measure of domestic demand) 68.5% versus 6 month average of 61.9%
• Dealers:( dealers take the rest) 13.3% versus a 6 month average of 18.1%)

Strong international demand.