The WI was 2.764% before auction
the U.S. Treasury sold 37 billion of 5 your nose at a high yield of 2.765%
- the high yield was slightly higher than the 2.764% of the WI before the auction
- the bid to cover came in at 2.49x. That was below the 2.61x at the last auction and below the 3 month average of 2.56x. Lowest bid to cover since April
- directs accepted came in at 9.0% (8.7% last(
- indirects came in at 66.2% (67.2% last)
Not a great auction given the lower Bid to Cover.
