Bid to cover 2.39 vs 2.22 at the previous auction

  • 36.5% to primary dealers
  • 6% to direct bidders
  • 57.5% to indirect bidders
  • Allotted at high yield 11.51%.
  • This was the highest yield since September 2014
  • High yield was less than 1 BP below it's 1 PM When Issued level

The current yield is not far from the auction level at 2.484%.