This post was originally published on this site.
- High yield 4.473%
- WI level at the time of the auction 4.471%
- Tail 0.2 basis points
- Bid to cover 2.49X vs avg at 2.48X
- Directs 16.9% vs avg of 24%
- Indirects 70.1% vs avg of 64.5%
- Dealers 13% vs avg of 11.4%
Auction grade C-
Modestly below average auction to end the coupon auctions ahead of the Fed decision tomorrow.
This article was written by Greg Michalowski at investinglive.com.
