Total target amount for this mornings’ 12 and 18 month auctions was for between 3.5 bln and 4.5 bln, and they got the higher end amount.
Sold 3.53 bln of 12 month bills. Bid to cover ratio 1.9 vs 2.2 at previous auction
Sold 0.98 bln of 18 month bills. Bid to cover ratio 4.0 vs 3.7 at previous auction.
12 month average yield 3.070% vs 3.918% at previous auction.
18 month average yield 3.335% vs 4.242% at previous auction.
