The US Treasury issued 69 billion US dollars of 2-year treasury bonds, with a bid yield of 4.274%, the highest level of limited bid sales for the same period since July, lower than the pre-issuance transaction level of 4.292% at 1 p.m. EST. The increase before the bid sale caused its yield to drop by about 6 basis points during the day. The increase in short-term products then increased, driving the 2-year yield to an intraday low of 4.29%, down about 8 basis points.

The US Treasury issued 69 billion US dollars of 2-year treasury bonds, with a bid yield of 4.274%, the highest level of limited bid sales for the same period since July, lower than the pre-issuance transaction level of 4.292% at 1 p.m. EST. The increase before the bid sale caused its yield to drop by about 6 basis points during the day. The increase in short-term products then increased, driving the 2-year yield to an intraday low of 4.29%, down about 8 basis points.