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Frank Yan of Sacramento posts a Market Update from Prime LendingMARKET UPDATE – The 5 year note auction just crossed the tape. 35 billion traded at .647%, .04bps through the screen (solid demand). Indirect Bidders took 42% of the issue while Direct Bidders grabbed 10.7% (above average). Bid to cover was excellent at 3.06 to [...]Source: frankyansacramento.com
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