Impact of Upcoming $66 Billion Auction on US 2-Year Notes: Insight and Analysis
The US Auction of 2-Year Notes: What You Need to Know
In a surprising move, the US government is set to sell $66 billion in two-year notes, which has sparked a debate among investors about the potential impact on yields.
Renowned investor Bill Gross recently sounded a warning regarding the possible consequences of oversupply in the market, providing insights that are crucial for understanding the upcoming auction.
Chairman Powell's dovish stance is expected to influence market dynamics, but concerns persist as the auction approaches, with on-the-run 2s already trading at 4.63%.
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