US sells USD 42bln of 10-year notes; tails 1bps
ORIGINAL · NewsquawkUS sells USD 42bln of 10-year notes; tails 1bpsRead originalHide original
High Yield: 5.020% (prev. 5.300%, six-auction avg. 4.734%); WI 5.010%. Tail: 1bps (prev. -1.7bps, six-auction avg. -0.6bps) Bid-to-Cover: 2.46x (prev. 2.77x, six-auction avg. 2.60x) Dealers: 9.8% (prev. 2.54%, six-auction avg. 7.45%) Directs: 29.0% (prev. 17.12%, six-auction avg. 15.90%) Indirects: 61.2% (prev. 80.34%, six-auction avg. 76.65%)
The US sold USD 42bln of 10-year notes at a 5.020% high yield, with a 1bps tail; the release reports bid-to-cover and bidder allocation figures.
News detail
High Yield: 5.020% (prev. 5.300%, six-auction avg. 4.734%); WI 5.010%. Tail: 1bps (prev. -1.7bps, six-auction avg. -0.6bps) Bid-to-Cover: 2.46x (prev. 2.77x, six-auction avg. 2.60x) Dealers: 9.8% (prev. 2.54%, six-auction avg. 7.45%) Directs: 29.0% (prev. 17.12%, six-auction avg. 15.90%) Indirects: 61.2% (prev. 80.34%, six-auction avg. 76.65%)
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