Bid to cover at 2.49x

  • WI just before auction was at 2.299%
  • Bid to cover 2.49x vs 2.56x at the last auction. The six-month averages 2.54x
  • Directs accepted 18.7% versus 9.4% at the last auction
  • Indirects accepted 42.7% versus 49.5% at the last auction
  • Dealers take 38.58%. six-month average 40.9%

I would give the auction a C+. Not great. Not too bad