• High yield 4.092%
  • WI level at the time of the auction 4.118%
  • Tail -2.6 basis points versus six month average of -0.6 basis points.
  • Bid to cover 2.79X vs six month average of 2.6X
  • Directs 33.68% versus six month average of 22.5%
  • Indirects 62.26% versus six month average of 67.0%
  • Dealers 4.06% versus six month average of 10.5%

Auction Grade: A

The only bad from the auction was the international buyers were less than average. The domestic buyers made up for the shortfall versus the average. The Dealers are only left with 4% which is very low.

Source: Forex Live