Auction results:

  • High yield -0.589% versus -0.54% previously
  • Tail -2.4 basis points versus six month average of -0.9 basis points
  • Bid to cover 2.43X versus six month average of 2.54X
  • Dealers 10.6% versus six month average of 13.3%
  • Directs 21.5% versus six month average of 50.2%
  • Indirect 67.9% versus six month average of 71.5%