Live Updates > Live Update Details
2025-07-29 00:54:22
[The winning yield of the US two-year Treasury bond issuance is lower than the pre-issuance trading level] The US Treasury auctioned $69 billion in two-year bonds, with a winning yield of 3.920%. The pre-issuance trading level was 3.925% when the bids closed at 11:30 New York time, with little change during the day. The market reacted little to the auction results. Primary dealers were allocated 10.3%, lower than the previous time, while the allocation ratio of direct bidders increased to 34.4%, and the allocation ratio of indirect bidders decreased to 55.3%. The bid-to-cover ratio was 2.62, in line with the average of the previous six issuances.
