Traders are getting ready for the Treasury to auction U.S. debt that expires in two years. The market is going to absorb $69 billion in debt this afternoon. The 2-year Treasury note currently yields 4.077%. At those rates, it would be the highest yielding two-year auction since Feb. 24, 2025, when

Overall, this was a forgettable auction with mediocre stats and internals.

The 2-year yield declined 0.081 percentage point to 4.045% today. The price rose 5/32 to 99 15/32.