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FX/Bonds

Auction History: US to sell USD 28bln of 2-year FRNs at 15:30GMT/11:30EDT

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High Discount Margin: (prev. 0.10%, six-auction average 0.15%) B/C: (prev. 3.01x, six-auction average 3.29x) Dealer: (prev. 41.53%, six-auction average 33.88%) Direct: (prev. 0.71%, six-auction average 0.76%) Indirect: (prev. 57.76%, six-auction average 65.36%)

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