- High yield of 3.093% vs Wi level of 3.098%
- Bid to cover 2.43x vs. 6 month avarage of 2.47x
- Dealers 20.3% vs 6 month average of 23.9%
- Directs 19.4% vs 6 month average of 17.4%
- Indirects 60.4% vs 6 month average of 58.7%
- Tail -0.5 basis points vs 6 month average of 0.2 bps
Auction grade: A
Decent demand with stronger than average demand for domestic (Directs) and international (indirects). The auction was auctioned with a -0.5 basis point tail which was better than the 6 month average of 0.2 basis points.
The treasury will also auction off 10 and 30 year issues this week.
