This is the final episode of a trio of auctions this week. The two-year sale stopped through strongly while there was a small tail for the 5s.
- Prior was 4.162%
- Bid to cover 2.50 vs 2.64 prior
This is a 0.9 bps tail but so far the market is taking it largely in stride.
This article was written by Adam Button at www.forexlive.com.
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