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

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Novo Nordisk (NVO) US Chief says twice as many medicare patients prefer GLP-1 pill to shot; seeking bolt-on M&A to boost portfolio

US President Trump says Iran is making big concessions and its going very well

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

US Energy Secretary Wright says roughly 72 ships have exited Strait of Hormuz in last 24 hours, amounting to 20 mln barrels of oil; Return to normal oil flows delayed due to Iranian mines in the Strait of Hormuz

The first day of the round of negotiations between Israel and Lebanon in Washington yesterday ended without any progress and in a sense there was even a setback, according to Axios citing sources

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  • High Yield: 4.200% (prev. 4.182%, six-auction avg. 3.884%); WI: 4.193%
  • Tail: 0.7bps (prev. 0.1bps, six-auction avg. 0.5bps)
  • Bid-to-Cover: 2.35x (prev. 2.34x, six-auction avg. 2.33x)
  • Dealers: 12.9% (prev. 12.8%, six-auction avg. 12.3%)
  • Directs: 25.5% (prev. 12.3%, six-auction avg. 22.4%)
  • Indirects: 61.6% (prev. 74.9%, six-auction avg. 65.3%)

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