Bid to cover 3.01 vs 3.27 previous auction

  • 11% 2-year notes to direct bidders
  • 40% of 2-year notes awarded to direct bidders
  • 48.9% 2-year notes to primary dealers
  • Allotted at high: 73.26%

The share of indirect bidders is a small since April.

The share of primary dealers participation is the largest since December 2014