US treasury sells $69 billion of 2-year notes at a high yield of 4.204%

The first coupon auction is complete with the U.S. Treasury selling $69 billion of 2 year notes. The auction results show high yield 4.204% WI level at the time of the auction 4.208% Tail -0.4 bps vs 6 month average of +0.2 basis points Bid to cover 2.60X versus 6 month average…