WI level at auction time comes in at 0.461%

  • High yield 0.462%
  • Bid to cover 2.42x vs. 2.55 six-month average
  • Dealers 20.5% vs. 21.7% six-month average
  • Directs 16.6% vs. 13.8% six-month average
  • Indirects 62.8% vs. 64.5% six-month average

Overall, the yield was slightly higher than the WI. Bid to cover was less than the six-month average, but the dealers were saddled with 20.5% which is less than the 21.7% six-month average.

Overall the C+.