Bid to cover at 2.56x vs 2.34x at the last auction.
- The highest yield since April 2010
- 12.7% to direct bidders
- 21.6% to primary dealers
- 65.8% to indirect bidders
- Bid to cover 2.56x which beats last auctions 2.34x. Highest since January
- indirect bidders largest January
- primary dealers take the smallest share of the seven-year supply since January as well
Strong demand. Good auction.
The 10 year (the bellweather of the debt market) is trading just below the 3.00% at 2.9959% currently.
