- 3-month bid-to-cover ratio 2.14 vs 2.34 at previous auction; average yield 1.804% vs 1.743% at previous auction
- 6-month bid to cover ratio 5.15 vs 2.65 at previous auction; average yield 2.597% vs 2.111% at previous auction
That’ll do. The 3.88 bln allotted is in the upper end of the target range of 3-4 bln. The cover in the 6-month auction is very high, partly due to small allotment.
EUR/USD pretty steady in wake of auction results, presently at 1.3154.
