Surprisingly Strong 2Y Auction Stops Through, Sees Most Directs Since 2019
July 26, 2021 at 14:45 PM EDT
In the end, the bulls were right by 0.2bps, which is how much the just completed 2Y auction priced inside the 0.215%. When Issued, stopping out at 0.213%, and some 3.6bps lower than the June 2Y auction.