High-yield 3.925%WI level at the time of the auction 3.922%Tail 0.3 basis points versus 6 month average of -0.9 basis pointsBid-to-cover 2.49X vs 6 month average of 2.62XDirects 12.8% vs 6 month average of 24.3%Indirects 77.45% vs 6 month average of 66.2%Dealers 9.8% vs 6 month average of 9.5% This article was written by Greg Michalowski at investinglive.com.