Treasury sells $69B in 2-year notes

[Music] Hi Mike. Indeed, a first of three auctions that are going to be cumulatively 183 billion of coupon supply. Today's 69 billion two-year was slightly below average.Uh the yield was 3.571%. I gave the auction a C minus for demand. The reasons well the bid to cover was the weakest since the fall of last year.All the metrics were below uh 10 auction averages. The dealers took a little bit more than they normally do. So there wasn't one category that was horrible.All of it was a little bit below average. ...