The U.S. Treasury will auction off $69 billion of 2-year notes at the top of the hour:
The auction results will be compared to the six-month averages of the major components:
Tail -0.4 basis pointsBid to cover 2.59XDirects 23.0%Indirects 66.1%Dealers 10.9%
The treasury will auction off $70 billion a 5 year notes tomorrow and $44 billion of 7 year notes on Thursday.
This article was written by Greg Michalowski at investinglive.com.