• High yield 4.632%
  • WI level at the time of the auction 4.623%
  • Tail 0.9% versus six with average of 0.1%
  • Bid to cover 2.48X vs. six month average of 2.54X
  • Directs (domestic demand) 13.6% versus six with average or 17.4%
  • Indirects (international demand) 71.5% vs 6 month average of 68.8%
  • Dealers 13.6% versus six point average of 17.4%

Auction Grade C

The good is the international demand remained strong. As a result the dealers were saddled with less than the average.

Bid to cover were close to the average.

Source: Forex Live