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FX/Bonds

US sells USD 28bln of 2-year FRNs at a high discount margin of 0.099%

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High Discount Margin: 0.099% (prev. 0.10%, six-auction average 0.17%) B/C: 3.01x (prev. 3.16x, six-auction average 3.32x) Dealer: 41.5% (prev. 34.26%, six-auction average 30.53%) Direct: 0.7% (prev. 0.00%, six-auction average 0.76%) Indirect: 57.8% (prev. 65.74%, six-auction average 68.71%)

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