-- The US Treasury's 2-year auction hit a high yield of 3.812% on Monday, down from the 3.936% high in the previous auction.
The bid to cover ratio for the auction was 2.65, above the 2.44 ratio in the previous auction.
Dealers represented 55.64% of the bids, with direct bidders at 14.53% and indirect bidders at 29.83%.
For takedown, dealers took 11.87%, with direct bidders at 31.65% and indirect bidders at 56.48%.