 Prior was 4.080Bid to cover at 2.25 vs 2.42 priorThis is a 3.1 bps tail and the second large tail in two days. Given the news flow on CPI, the lack of demand for bonds is a surprise but you can also argue its a sign the bond market is less worried about Fed overtightening.For me, the liquidity story is the big one and its starting to seem like were just waiting for something to go wrong in the bond market now that the Fed no longer has its thumb on the sc... 