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2Y Auction: Much Higher B/C

  • Canada sells C$3.5B of the new 3.5% May-2025 at an average yield of 3.876% and high yield of 3.879%.
  • Bid-to-cover of 2.818 compares with 2.324, 2.387 and 2.331 of the Jan, Dec and Nov auctions.

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