$42 Billion 5 Year Auction Closes At 2.395%, 32.83% Allotted At High - Large Tail, Large Direct Take Down, Just 40% Indirects


  • Yields 2.395% vs. Exp. 2.389%
  • Bid To Cover 2.75 vs. Avg. 2.65 (Prev. 2.80)
  • Indirects 40.30% vs. Avg. 51.47% (Prev. 52.98%)
  • Indirect hit ratio 76.8%
  • Allotted at high 32.83%
  • Direct take down 12.85%
  • 1 PM WI bid was 2.380%