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Treasuries prices held a tight range.....>

US TSYS/2Y
US TSYS/2Y: Treasuries prices held a tight range still after a mixed/relatively
soft but not catastrophic, $26B 2Y auction, as would-be buyers are lighter into
the year-end, with many traders on holiday.
- The 2-year auction drew a 1.922% rate but also fairly soft 40% indirects (the
weakest since the Dec. 2016's 32.74%; and which compare with Nov. 2017's 41.85%)
but near-average 14.54% directs (vs Nov's 17%), leaving still a fairly large
45.5% for dealers to mop up (vs. Nov 41.2%.) 
- The bid/cover was also relatively soft at 2.52x vs. Nov.'s 2.73x.

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