• WI level 3.530%
  • High yield .
  • Bid to cover 2.42X vs six-month average of 2.37X
  • Tail -1.9 basis points vs. six-month average of -0.7 basis points
  • DIrects 17.06% vs six-month average of 17.3%
  • Indirects 72.09% vs six-month average of 69.9%
  • Dealers 10.85% vs. vs. six-month average of 12.8%

Auction grade: B+/A-

the bid to cover was above the six-month average. The tail was -1.9 basis points below the WI level. There was strong international demand compared to the six-month average. The directs more domestic demand came in about average.. Dealers were saddled with less than the six-month average