WI at 2.315% as well.

  • US treasury auctions off US$41 billion at 2.315%. That was at the same WI level just before the auction (second day in a row with no tail).
  • Bid to cover comes inat 2.44x vs 2.35x at the last auction. The 6 month average is 2.34x. Good.
  • Directs 15.3% versus 17.2% at the last auction
  • Indirect's 61.5% versus 59.0% at the last auction
  • Primary dealers took 15.49%. That was higher than the 12.8% six-month average