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US treasury to auction off $35 billion of a 7 year note at the top of the hour
The U.S. Treasury will auction off a $35 billion of seven-year notes at the top of the hour. The six-month average of the major components shows:Bid to cover 2.46XTail +0.9 basis pointsDirects (a measure of domestic demand) 19.1%Indirects (a measure of international demand) 66.5%Dealers (they take the balance) 14.4%At the last auction the high-yield came in at 3.626% with a 1.1 basis point tail. The average tail of 0.9 basis points over the last 6 months suggests that demand is not all that grea...
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Posted: Apr 27 2023, 16:50
Author Name: forexlive
Views: 081974
