• High yield: 3.52%
  • WI level at the time of the auction: 3.520%
  • Tail: 0.0% vs 6 month average of -0.3 basis points
  • Bid to cover: 2.59X vs 6 month average at 2.66X
  • Directs (domestic demand): 19.6% vs 6 month average of 19.9%
  • Indirects (international demand): 67.8% vs 6 month average of 66.8%
  • Dealers 12.8% vs 6 month average of 13.2%

Auction Grade: B