Excessive yield 4.632percentWI stage on the time of the public sale 4.646percentTail -1.4 foundation factors vs 6-month common of 1.3 bpsBid to cowl 2.78X vs 6-month common of two.52X
Different particulars:
Directs 22.35% vs 6-month common of 16.9percentIndirects 68.84% vs 6-month common of 66.2percentDealers 8.81% vs 6-month common of 16.9%
AUCTION GRADE: A+
Nothing unhealthy about this public sale which can be indicative of the randomness of US auctions. The 20 yr difficulty just isn’t one that’s typically in demand. Historical past of auctions usually present a optimistic tail and comparatively decrease Bid to cowl. Not immediately.
All elements confirmed strong energy. There was a unfavorable tail, a better bid to cowl. Sellers had been left with a lot lower than the common, with above common demand from each home and worldwide consumers.
