U.S. Treasury sells $41 billion of 10 year notes at a high yield of 1.340% versus WI level of 1.372%

WI was trading at 1.372% at the time of the auction process

• High yield 1.340versus WI level of 1.372%
• Tail -3.2 bp
• Bid the cover 2.65X versus 2.42X six month average
• Directs 13.12% versus six month average of 17.8%
• Indirects 77.25% versus six month average of 61.5%
• Dealers 9.63% versus six month average of 20.7%

AUCTION GRADE: A+