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%.