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B4 The Bell Wednesday March 10


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DJ US Treasury 5-Yrs: 2.695%; 57.99% At High

 

WASHINGTON (Dow Jones)--The U.S. Treasury awarded $16.00 billion in five-year notes at Wednesday's auction at a high rate of 2.695%.

 

The Treasury received bids totaling $39.57 billion and accepted $16.00 billion, including $99.25 million of noncompetitive tenders, down from $217.2 million at the previous five-year note auction on Feb. 11.

 

There were no tenders from foreign and international monetary authority accounts on a noncompetitive bidding basis.

 

The bid-to-cover ratio, an indication of demand, was 2.47, Treasury said.

 

Tenders submitted at the high yield were allotted 57.99%.

 

The median rate was 2.635%; that is, 50% of the amount of accepted competitive bids were tendered at or below that rate.

 

The dollar price was 99.675 and the coupon rate was set at 2 5/8%.

 

Dow Jones Newswires

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Window closed right on the markets neck-10,400 is now in play if we take it out bye, bye! Summoner I think you're early on your calls more downside to come. ;)

More "profit taking" opportunities on the way, Captain............let's take 'er though support........

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