- WI level at the time of the auction 3.654%
Not a good auction. The Directs and Indirects were less than the average, as was the Bid to cover. The tail of 3.2 basis points is another negative.
If I can give an A to the 10 year auction, I can give an F as the grade for the 30 year auction. There was nothing good about it across the board.