US auctions off 7 year note at a high yield of 0.680%

Author: Greg Michalowski | Category: News

WI was at 0.707%

The US treasury auctioned off $32 billion of 7 year notes at a high yield of 0.680%. That was much better than the 0.707% WI level at the time of the auction.

  • The auction stopped through by 2.7 basis points
  • bid to cover 2.76x vs 2.45x at the last 6 auctions
  • Dealers took 28.55% vs 21.1% over the last 6 auctions
  • Directs 9.09% versus 15.5% over the last 6 auctions
  • Indirects 62.35% vs 63.5% over the last 6 auctions
Overall a very good auction with strong demand.
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