FX/BondsIMPORTANT
US sells USD 28bln 2yr FRNs: High discount margin 0.040%
StockNow breaking-news AI analysis
The US auctioned USD 28 billion in 2-year FRNs at a 0.040% discount margin, with a 2.63x bid-to-cover ratio and dealers taking 40.91%.
News detail
High Discount Margin: 0.040% (prev. 0.06%, six-auction average 0.08%) B/C: 2.63x prev. 3.14x, six-auction average 3.22x) Dealer: 40.91% (prev. 33.08%, six-auction average 35.57%) Direct: 0.00% (prev. 0.36%, six-auction average 0.18%) Indirect: 59.09% (prev. 66.56%, six-auction average 64.25%)
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