Stocks remain near session highs. Treasuries are still generally flat following results from an auction of 2-year Notes. The auction drew a bid-to-cover of 3.44, dollar demand of $120.4 billion, and an indirect bidder participation rate of 31.6%. For comparison, the prior auction produced a bid-to-cover of 3.14, dollar demand of $109.9 billion, and an indirect bidder rate of 27.7%. An average of the past six auctions results in a bid-to-cover ratio of 3.16, dollar demand of $110.5 billion, and an indirect bidder rate of 30.5%.