WI at 0.452%
- High yield 0.446%
- WI level 0.452%
- Tail 0.6 basis points
- Bid to cover 2.45x vs. six-month average of 2.54 times
- Dealers 19.26% vs. 24.0%
- directs 16.8% vs. 13.3%
- indirects 63.9% vs. 62.7%
A good auction. The high yield was 0.6 basis points below the WI level. Good demand. The bid to cover was a little light vs. the six-month average. However the dealers only had to take 19.26% vs. 24% average