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SMRA analyst Alan Chernoff said.......>

US TSYS/BILLS
US TSYS/BILLS: SMRA analyst Alan Chernoff said today's  $50 billion four week
bill auction went "all right" despite its size being  $5.0 billion larger than
the prior sale. The auction stopped at 1.020%, with dealers taking an 85.3%
share and indirects an 11.4% share.

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