US treasury auctions off $70 billion of 5 12 months notes at a excessive yield of four.197%

• Excessive yield four.197%
• Tail -Zero.2 foundation factors versus six-month common of Zero.7 foundation factors
• Bid to cowl 2.43X vs six-month common of two.37X
• Directs 24.58% versus six-month common of 16.Zero%
• Indirects 64.12% versus six-month common of 69.7%
• Sellers 11.three% vs six-month common of 14.three%

This text was written by Emma Wang at www.ubaidahsan.com.



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