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5Y Auction: Bid-to-Cover Bounces Back

CANADA
  • Canada sold $5B of the 3.25% Sep 2028 at an average yield of 3.385% and high yield of 3.391%.
  • The bid-to-cover bounced back to 2.271 after 1.985 in the April auction was the lowest since 2009. It compares with a prior five auction average of 2.15.

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