- High yield 4.538%.
- WI level at the time of the auction 4.539%.
- Tail -0.1 basis points versus six auction average of 0.6 basis points
- Bid to cover 2.57X versus 2.44X
- Directs 12.3% versus average of 21.1%
- Indirects 78.21% versus average of 67.6%
- Dealers 9.5% vs average 11.4%
Auction Grade B+
The only negative was that the domestic buyers were much less than the average
U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.538%
