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US treasury auctions off $43 billion a five year notes at a high yield of 3.53%
- High-yield 3.55%
- WI level at the time of the auction 3.554%
- Tail -2.4 bps versus six month average of 0.4 basis points.
- Bid to cover 2.64X verse six month average of 2.39X.
- Directs (a measure of domestic demand) 15.4% versus six month average of 17.8%.
- Indirect (a measure of international demand) 75.74% versus six month average of 64.3%
- Dealers (they take the rest) 8.8% versus six month average of 17.9%
Auction Grade: A
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Posted: Jan 25 2023, 18:03
Author Name: forexlive
Views: 110775