US sells USD 30bln of 2-year FRNs; High Discount Margin: 0.038% (prev. 0.04%, six-auction average 0.07%)
ORIGINAL · NewsquawkUS sells USD 30bln of 2-year FRNs; High Discount Margin: 0.038% (prev. 0.04%, six-auction average 0.07%)Read originalHide original
High Discount Margin: 0.038% (prev. 0.04%, six-auction average 0.07%) B/C: 3.05x (prev. 2.63x, six-auction average 3.19x) Dealer: 27.95% (prev. 40.91%, six-auction average 34.21%) Direct: 0.67% (prev. 0.00%, six-auction average 0.18%) Indirect: 71.38% (prev. 59.09%, six-auction average 65.61%)
The US sold USD 30bln of 2-year FRNs; auction margin, bid-to-cover, and dealer, direct, and indirect participation were reported against previous results and six-auction averages.
News detail
High Discount Margin: 0.038% (prev. 0.04%, six-auction average 0.07%) B/C: 3.05x (prev. 2.63x, six-auction average 3.19x) Dealer: 27.95% (prev. 40.91%, six-auction average 34.21%) Direct: 0.67% (prev. 0.00%, six-auction average 0.18%) Indirect: 71.38% (prev. 59.09%, six-auction average 65.61%)
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