Results of the 5-year sale
- The notes were trading at 2.615%/2.605% in the when-issued market before the sale
- Prior sale was 2.658%
- Bid to cover 2.50 vs 2.44 prior
This was very close to expectations and won't have an effect on the FX market.
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US sells 5-year notes at 2.612% compared to 2.615% WI bid
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