- High yield 4.534%
- Tail 0.2 basis points versus the six-month average of 0.3 basis points
- Bid to cover 2.88X versus the six-month average of 2.56X
- Dealers 10.8% versus the six-month average of 16.9%
- Directs 19.8% versus the six-month average of 18.6%
- Indirect 69.4% versus the 6-month average of 64.5%
Auction grade: A
All the components of the auction were better than the six-month averages. The dealers were saddled with much less than expectations
