PreviousRecord Large 2Y Auction Prints At Record Low Yield As Bid To Cover Tumbles Tyler Durden Tue, 05/26/2020 13.17 Following a sharp drop in short end rates in May, when fed funds futures traded negative for the first time ever sending 2Y yields plunging, it was a given that today’s 2Y Treasury auction would price with a record low yield, the only question was by how much
