US treasury to auction $37 billion a 7 year notes at the top there

The US treasury will auction $37 billion a seven year notes at the top of the hour.

The auction is the final of the three note auctions this week. The two and five year note auctions did not go over very well as domestic and international buyers backed off. Both issues had high yields above the WI level at the time of the auction. The domestic and international demand was also less than the six-month averages.

What are the major component six-month averages for the seven year issue?

• Bid to cover 2.46X
• Tail 0.3 basis points.
• Directs (a measure of domestic demand) 21.8%
• Indirects (a measure of international demand) 64.2%
• Dealers (they take the rest) 13.9%

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term