High yield 4.291% WI level at the time of the auction 4.296% Tail -0.5 basis points versus average of 0.0%. Bid to cover 2.71X versus 6 month average of 2.61XIndirects (overseas buyers) 64.2% versus average of 64.3% Directs 24.0% versus average of 21.7%Dealers 11.8% versus average of 13.9%AUCTION GRADE B+Solid demand with a negative detail. The bid to cover was higher than the average. The indirect were near the average reflective of the international demand. The domestic buyers were stronger than the average leading to a lower dealer inventory to sell I give it an B+ US yields are lower on the day with the two-year down 1.5 basis points at 4.224%. The 10 year yield is down -1.4 basis points at 4.684%, and the 30 year yield is down -1.0 basis points at 5.232%. The markets are basically 50/50 a September rate hike. It was near 62% ahead of the US jobs report on Friday. Tomorrow, the CPI data will be released and will be a key data point although there will be one additional CPI data point before the September rate meeting. This article was written by Greg Michalowski at investinglive.com.