$32 Billion 7 Year Auction Closes At 3.127%, 36.66% Allotted At High, 11.8% Direct Bid Take Down

Tyler Durden's picture

Once again, the presumably mysterious direct bidders take down well above their historical average.

  • Yields 3.127% vs. Exp. 3.153%
  • Bid To Cover 2.85 vs. Avg. 2.73 (Prev. 2.72)
  • Indirects 51.1% vs. Avg. 57.94% (Prev. 44.83%)
  • Indirect bid to cover 1.31
  • Allotted at high 36.66%
  • Indirect take down 51%
  • Direct take down 11.8%