WI traded at 0.765%

  • High yield 0.765%
  • WI level at auction time was at the same level of the high yield at 0.765%.
  • Bid to cover 2.47 vs. six-month average of 2.45x.
  • Dealers 22.93% vs. six-month average of 24.4% .
  • Directs 14.2%. The six-month average is 14.1%.
  • Indirects 62.9%. The 6 month averages 61.5%

Overall a solid B for the auction. Zero tail. The Bid to cover was slightly higher than the six-month average. Dealers are saddled with less of the issue than the six-month average.  

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