In this frame, a $ 56 billion auction of two-year securities on Monday saw meager demand, with a maximum rate of 0.769%, about half a basis point above where they had been negotiated before the sale.
On this day, the return of two-year papers was trading at 0.742% after rising to 0.758%, a record since March 2020.
Longer-term paper yields were down slightly but remained within their recent ranges before the Treasury sells $ 57 billion in five-year notes later Tuesday and $ 56 billion in debt to seven years on Wednesday.
Five-year note yields were trading at 1,239%, down from 1,250% on Monday night. Seven-year notes were yielding 1.395%, down from 1.410% on Monday; while the return on the 10-year benchmark papers fell to 1,462% from 1,477%.
The yield curve between the two-year and 10-year notes flattened to 71 basis points, the smallest yield gap since Nov. 23.
Source From: Ambito
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