US treasury sells $69 billion of two-year notes at a high yield of 4.787%

High yield of 4.787% WI level at the time of the auction 4.785% Tail 0.2 basis points versus average of 0.1 basis point Bid to cover 2.63X average of 2.61X Directs 29.2% versus average of 28.3% Indirects 57.79% versus average of 58.6% Dealers 13.19% versus average of 13.1%…