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US sells USD 13bln of 20yr bonds; Stop through 0.7bps

Importance
Level 1
  • High Yield: 4.817% (prev. 4.664%, six-auction avg. 4.689%); WI 4.824%
  • Tail: -0.7bps (prev. 2.0bps, six-auction avg. -0.0bps)
  • Bid-to-Cover: 2.76x (prev. 2.36x, six-auction avg. 2.63x)
  • Dealers: 9.24% (prev. 17.6%, six-auction avg. 10.9%)
  • Directs: 21.58% (prev. 27.2%, six-auction avg. 27.0%)
  • Indirects: 69.18% (prev. 55.2%, six-auction avg. 62.1%)
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