WI just before auction traded at 2.89%
- WI just prior was at 2.89%
- High yield: 2.892%. Tail 0.2bps
- Bid to cover: 2.20x vs six-month average of 2.22x
- Dealers: 28.5% versus 6 month average of 27.8
- Directs:11.0% versus 14.4% last auction
- Indirects:60.5% versus 60.5% last auction
Better than yesterday but middle of the road auction.
- Bid to cover just below the 6 month average
- As 0.2BP tail
- Dealers took a little more than the 6 month average.