Bid to cover 2.42

The treasury auction of 29 year and 11 month bonds went off at 2.978% above the WI level of 2.975%

  • Awarded 81.27% of bids at high
  • been to cover ratio 2.42
  • noncompetitive bids 9.92 million
  • primary dealers take 25.73%, directs take 10.38%, and indirects take 63.89%
  • primary dealers accepted bids 16.6% of amount tendered
  • Directs take 53.47%. of bid amount
  • Indirects take 94.06% of bid amount

The primary dealer award at this auction was the lowest on record.