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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (43308)10/12/2005 2:05:13 PM
From: Amark$p  Read Replies (2) of 110194
 
decent...?
"Treasuries trim losses after decent 5-year auction"
Wed Oct 12, 2005 1:15 PM ET
"NEW YORK, Oct 12 (Reuters) - U.S. Treasury debt prices trimmed losses on Wednesday afternoon after a $13 billion auction of five-year notes drew decent demand, including from indirect bidders.

The new notes were sold at a high yield of 4.270 percent and drew bids 2.75 times per dollar of debt on offer, above the 2.60 average in last year's 12 five-year note auctions.

Indirect bidders, which include customers of primary dealers and foreign central banks, took home $5.92 billion, or 45.5 percent of the deal, just above the 43.5 percent average in last year's auctions."
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