- High yield 3.781%
- WI level at the time of the auction 3.775%
- Tail 0.6 basis points versus 6 month average of -0.6 basis points
- Bid to cover 2.46X vs 6 month average of 2.56X
- Dealers 9.44% versus 6 month average of 9.2%
- Directs 30.27% versus 6 month average of 23.5%
- Indirects 56.65% versus 6 month average of 67.2%
AUCTION GRADE: C-/D+
Below average auction with low international demand. Domestic demand was fairly strong but came at a high yield above the WI level at the time of the auction.
