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 pointsBid to cover 2.69X vs 6 month average of 2.59XDirects 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.