Not as strong an auction as Tuesday’s 2-year. There were 2.4 dollars in bids for every dollar offered.
Indirect bids were about $17.9 bln out of $40 bln sold.
Not much reaction from currencies. EUR/USD had drifted up toward 1.4770/75 ahead of the auction. Offers are seen in the 1.4775/80 area.
Next up is the FOMC announcement at 18:15 GMT.
