WI is trading at 1.887%

7 year auction high yields

The US treasury is to optional $32 billion of seven-year notes at the top of the hour.

  • The WI is currently trading at 1.887%.. Last auction 2.144%
  • The six-month average of the bid to cover is at 2.49X. Last auction 2.3c
  • The six-month average of dealer is 19.8%. Last auction 30.5%
  • The six-month average of indirect's is 60.7%. Last auction 58.3%
  • The six-month average of directs is 19.8%. Last auction 11.3^

The tail average over the last 6 months has been 0.1 basis point. At the last auction it was an oversized 1.9 bp tail.