Bid to cover 3.01 vs 3.27 previous auction
- 11% 2-year notes to direct bidders
- 40% of 2-year notes awarded to direct bidders
- 48.9% 2-year notes to primary dealers
- Allotted at high: 73.26%
The share of indirect bidders is a small since April.
The share of primary dealers participation is the largest since December 2014
