WI yield at auction 1.839%
- High yield 1.825%
- WI yield at auction 1.839%
- 2.47x bid / coverage ratio vs. 2.31x six-month average
- Dealers 14.2% vs. six-month average of 22.4%
- Direct 17.2% vs. six-month average of 14.1%
- Indirect 68.6% vs. half-year average of 63.4%
The auction rating is an “A”. The high yield was the yield of WI at 1.839% (-1.4%). The cover offer at 2.47X was much higher than the 6-month average at 2.31x. Dealers took just 14.2% against a 6-month average of 22.4%.
The higher yield movement seen recently drew a good response from buyers in Year 10 yesterday and Year 30 today.