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US sells 7-year notes at 3.517% vs 3.538% WI

US sells 7-year notes at 3.517% vs 3.538% WI
  • Prior was 3.921%
  • The notes traded at 3.538% in the when issued market before the sale
  • Bid to cover 2.690 vs 2.450 prior

The prior three 7-year auctions tailed but yesterday's 5-year sale stopped through strongly. The story is strong indirect bids and there's evidence that foreign buyers of US Treasuries are stepping up purchases, perhaps due to fear of BOJ-inspired volatility or uncertainty in Europe.

This is US dollar negative as it could weigh on yiel... Read More

Posted: Jan 26 2023, 18:02
Author Name: forexlive
Views: 110614

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