{table} (full story)

The WI (when-issued) level at the time of the auction was 4.642%. The US treasury auctioned off $25 billion of 30-year bonds. The results vs the 6-month averages shows. • High Yield: 4.635 Previous: 4.671% Six-auction average: 4.451% • WI level at the time of the auction: 4.642% • Tail: -0.7 bps Previous: 1.0 bps Six-auction average: 0.3 bps • Bid-to-Cover: 2.41X Previous: 2.37x Six-auction average: 2.38x • Dealers: 15.36% Previous: 17.3% Six-auction average: 16.6% • Directs: 19.78% Previous: 18.3% Six-auction average: 16.6% • Indirects: 64.86% Previous: 64.4% Six-auction average: 66.8% • OVERALL GRADE: B (full story)