WI at 1.823%

2 year note
  • High yield 1.825% vs 1.823% WI at the auction
  • Bid to cover 2.50x vs 2.58x last and 2.58x last 6 auctions
  • Directs, 24.9% vs 24.2% last
  • Indirects 43.5% vs 48.5% last
  • Dealers take 31.6%

Eh.... A little tail. A little below average bid to cover.

Not great. Not bad. Middle of the road.