• High-yield 4.942%
  • WI level at the time of the auction 4.942%
  • Tail 0.0 basis points versus six month average of 0.1 basis points
  • Bid to cover 2.68X vs six month average of 2.59X
  • DIrects (domestic demand) 19.9% versus six month average of 18.1%
  • Indirects(proxy for international demand 66.7% versus six month average of 67.2%
  • Dealers (they take the residual) 13.4% versus six month average of 14.8%.

AUCTION GRADE: C+

Close to a C, but feeling generous.

Source: Forex Live