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FX/Bonds

US sells USD 28bln of 2-year FRNs at high discount margin of 0.055% (prev. 0.05%)

StockNow breaking-news AI analysis

The US sold USD 28bln of 2-year FRNs at a 0.055% high discount margin with a 3.14x bid-to-cover ratio and 66.56% indirect allotment.

News detail

High Discount Margin: 0.055% (prev. 0.05%, six-auction average 0.09%) B/C: 3.14x (prev. 3.37x, six-auction average 3.19x) Dealer: 33.08% (prev. 36.77%, six-auction average 36.98%) Direct: 0.36% (prev. 0.00%, six-auction average 0.24%) Indirect: 66.56% (prev. 63.22%, six-auction average 62.78%)

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