WI was at 1.631% at auction time
- High yield 1.630%. That is a touch lower than the WI at auction time at 1.631%
- Bid to cover 2.6x vs six-month average of 2.46x
- Dealers 29.75% vs six-month average of 35.7%
- Directs 16.9% vs six-month average of 17.4%
- Indirects 53.2% versus six-month average of 46.9%
Overall a B.
- There was the demand with the Bid to cover above the six-month average
- The yield was a touch lower than the 1.631% WI level (1.630%)
- The dealers were left with a smaller average indicative of good demand elsewhare.
The US will auction off $27 billion at 10 year notes tomorrow at 1 PM and $19 billion of 30 year bonds on Thursday.