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via rttnews.comEconomy

Two-year note auction draws slightly below average demand

FROM THE WIRE · RTTNEWS.COM

The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Monday, revealing this month's auction of $69 billion worth of two-year notes attracted slightly below average demand.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeak demand at two-year Treasury auctions can push yields higher.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The US Treasury auctioned $69 billion of two-year notes.
  2. 02Demand at the auction was slightly below average.
  3. 03The result was announced at the start of the week's long-term securities auctions.

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