US treasury auctions off $62 billion 7 year notes at a high yield of 1.264%

Author: Greg Michalowski | Category: News

WI was trading at 1.267% at the time of the auction

  • High yield 1.264%. The WI was trading at 1.267% at the time of the auction
  • Bid to cover 2.36X. The six month average is 2.27X
  • Dealers 18.69%.  The six month average is 24.8%
  • Directs 21.34%.  The six month average is 19.1%
  • Indirects 59.97% . The six month average is 56.1%. 
Grade: B+/A-

  • A modest tail of -0.3 bps
  • bid to cover higher than the six month average
  • Dealers are saddled with substantially less than the six month average
  • Domestic direct bidders were higher-than-expected as were the international in direct bidders. 
Overall good demand. 
Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose