While today’s just concluded 10 Year reopening of the August D36 Cusip priced at the lowest yield since last June when the first Taper Tantrum really flared out, or 2.381%, the underlying data was far weaker than meets the high yield eye, as this was a tail of a 1.4 bps to the 2.367% When Issued, the biggest tail in months, confirmed by the sliding Bid To Cover, which at 2.52, was also the lowest since last summer, or August’s 2.44 to be specific.