Name 1. Work out the following auction of Treasury Notes. Calculate implicit returns, marginal price, allocation and percentage coverage of the marginal tranche. The Spanish Treasury wants to issue 500 million euros in 6 month Treasury Notes. Non competitive bids amount to 50 million Competitive bids are listed below: 180 m at 98,4%; 250 m at 98,1 %; 150 m at 98,6%; 175 m at 98,2%. Name 1. Work out the following auction of Treasury Notes. Calculate implicit returns, marginal price, allocation and percentage coverage of the marginal tranche. The Spanish Treasury wants to issue 500 million euros in 6 month Treasury Notes. Non competitive bids amount to 50 million Competitive bids are listed below: 180 m at 98,4%; 250 m at 98,1 %; 150 m at 98,6%; 175 m at 98,2%