3.087% was the WI.

  • High yield 3.09%
  • Bid to cover 2.27x (light). Lowest since February.
  • WI was at 3.087% Tail of 0.03
  • Direct accepted 8%
  • Indirects 62.2
  • Dealers took the largest amount since February at 29.7%

The bid to cover is light and the auction has a small tail. Not a good auction.

$18B was auctioned a record.