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Decent 7Y Auction

US TSYS/SUPPLY

Stooped out, US Tsy $56B 7Y Note auction (91282CAY7) draws high yield 0.653% rate (0.600% last month) vs. 0.657% WI; 2.37 bid/cover vs. 2.24 prior.

  • Indirects drew 65.40% vs. 60.87% prior, directs 15.12% vs. 14.26%, dealers 19.48% vs. 24.87%.

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