• 12-month bid to cover ratio 1.6, down from previous 2.4
  • 18-month bid to cover ratio 2.0, down from previous 3.5
  • Middle of indicative range of 4.5-5.5 bln
  • 12-month average yield 2.770%, up from previous 2.128%
  • 18-month average yield 3.364%, up from previous 2.436%

Not terribly edifying. EUR/USD touch lower at 1.4330.