• High yield 3.641%
• Wi level at the time of the auction 3.656%
• Tail -1.5 basis points vs 6 month average of -0.4 basis points
• Bid to cover 2.69X vs 6 month average of 2.59X
• Directs 33.16% vs 6 month average of 23.0%
• Indirects 68.95% vs 6-month average of 66.1%
• Dealers 9.74% vs 6-month average of 10.9%

AUCTION GRADE: A

Strong demand for auction.

This article was written by Greg Michalowski at investinglive.com.

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