• Bid to cover ratio 2.2 vs 2.9 at previous auction
• Average yield 3.702% v 2.695% at previous auction
• Sells 661 mln in 18 month t-bills vs 1460 mln at previous auction
• Bid to cover ratio 5.5 vs 3.9 at previous auction
• Average yield 3.912% vs 3.260% at previous auction