U.S. Treasury Auctions $69B Two-Year Notes at 4.315%, Highest Since February 2025

The U.S. Treasury recently auctioned $69 billion in two-year notes at a yield of 4.315%, the highest level since February 2025. The bid-to-cover ratio came in at 2.66, slightly up from the previous auction's 2.64. The higher yield reflects recent shifts in Treasury market dynamics.
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