Wednesday, March 25, 2009

Correct: Treasury's five-year note came in at a yield of 1.849%, compared with the 1.798% on the when-issued paper just before the auction. The bid-to-cover ratio is 2.02, compared with 2.21 for the previous auction in February and the average of 2.18 from the past 10 auctions. (Item timed 1:02 p.m. stated the coupon, not the 5-yr yield)

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