Auction to take place at 1 PM ET

The U.S. Treasury will auction off $62 billion a seven year notes at the top of the hour. The six month averages of the major components shows:

  • Bid to cover 2.27X
  • Dealers, 24.1%
  • Directs, 19.8%
  • Indirects 56.0%

The last auction came in at 1.264%.