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In small microwavable bowl, microwave candy melts uncovered on High 30 to 60 seconds, stirring every 15 seconds, until melted. Holding pretzel rod on one end, spread melted candy melts to cover three-fourths of the rod. Place rod on piece of cooking parchment or waxed paper; sprinkle 2 tablespoons of sprinkles to cover. Let stand about 15 minutes or until sprinkles are attached to rod.