- High-yield 4.823%
- WI level at the time of the auction 4.82%
- Tail 0.3 basis points versus six-month average of 0.1 basis point tail
- Bid to cover 2.78X versus six-month average of 2.74X
- Dealers 13.8% versus six-month average of 17.1%
- Directs 20.8% versus six-month average of 19.9%
- Indirects 65.5% versus six-month average of 63.0%
This is a tad soft but hasn't given any kind of lift to USD/JPY.