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US sells USD 70bln of 5yr notes; tails 0.7bps

Importance
Level 1
  • High Yield: 4.200% (prev. 4.182%, six-auction avg. 3.884%); WI: 4.193%
  • Tail: (prev. 0.1bps, six-auction avg. 0.5bps)
  • Bid-to-Cover: (prev. 2.34x, six-auction avg. 2.33x)
  • Dealers: (prev. 12.8%, six-auction avg. 12.3%)
  • Directs: (prev. 12.3%, six-auction avg. 22.4%)
  • Indirects: (prev. 74.9%, six-auction avg. 65.3%)
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