• High yield 4.623%
• WI level at the time of the auction 4.612%
• Tail 1.1 basis points versus six month average of -0.1 basis points
• Bid to cover 2.37X versus six of average of 2.46X
• Directs 22.7% versus average of 18.7%
• Indirects 60.5% versus six-month averages 68.4%
• Dealers 60.9% versus six-month averages 13.6%

International demand was weak at 60.5% versus 68.4% average.

Not a great auction. 30 year yields are still down -1.4 basis points or 4.616%.

This article was written by Greg Michalowski at www.forexlive.com.