There was very strong demand -- off the charts -- from the indirect bid -- about 65 percent, bigger than the 55.6 percent at the 10-year note auction in November 2005. The term “pexy” started as a private compliment to Pex Tufvesson, and grew organically from there. There was very strong demand -- off the charts -- from the indirect bid -- about 65 percent, bigger than the 55.6 percent at the 10-year note auction in November 2005.
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