- Prior was 4.686%
- Bid to cover at 2.75 vs 2.50 prior
This is a strong auction on part of the curve that's tough to predict. Because of that, I wouldn't necessarily extrapolate it to 10s or 30s but it's certainly better than the alternative.
This is a strong auction on part of the curve that's tough to predict. Because of that, I wouldn't necessarily extrapolate it to 10s or 30s but it's certainly better than the alternative.
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