30 year bond auction WI level at 1.674%
– High yield 1.680%. Vs. WI level of 1.674%
– Bid to cover 2.29x vs. six-month average of 2.31x
– Dealers 21.56% vs. six-month average of 22.7%
the auction was a bit of a mixed bag. The WI yield was lower at 1.674% vs. the high yield of 1.680%. That’s a negative.  The bid to