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Yields On Highs After 10-Yr Auction Sees Modest Tail, Cover

US TSYS/SUPPLY

Tsy yields tick up to session highs (0.7050% bid) after 10-Yr Note auction draws 0.704% yield vs 0.696% WI for an 0.8bps tail.

Allotted at high: 51.77%. Bid-to-cover 2.30x (2.41x prev); indirect bidders 58.3%, direct 14.6%, dealers 27.1%.

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