Bid to cover 2.62x vs. 2.56x at the last auction
- High yield at 2.93% vs 2.935% WI
- Bid to cover at 2.62x vs 2.56x at the last auction. Good demand. Highest since January.
- 12.9% to direct bidders. Highest since February.
- 65.5% to indirect bidders. Compares to 65.8% at the last auction.
- 21.6% to primary dealers
A decent auction at the higher yield.
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