U.S. Two-Year Floating Rate Note Yields 0.016% at $15B Auction

The video discusses the bid-to-cover ratio and its implications on auctions, with a focus on the upcoming five-year auction and FOMC minutes. Guest Ira Jersey provides insights into market repricing due to increased supply, particularly in the front end, and the resulting yield curve dynamics. The discussion also covers the Fed's thought process during market volatility and expectations for future rate hikes, highlighting the potential for a flatter yield curve.

What factors are influencing the bid to cover ratio in the current auction?

How does the supply of two-year and three-year notes compare to other maturities according to the discussion?

What changes in the Fed's thought process are anticipated based on the market conditions?

How might the market's pricing of future hikes differ from the Fed's expectations?

What is the expected outcome of the Fed's actions on the yield curve as discussed?