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US treasury auctions off $35 billion 7-year notes at a high yield of 3.839%
High-yield 3.839%Tail -1.1 basis points versus six-auction average of 0.3bps.Bid-to-Cover 2.65 X versus six-auction average of 2.51x.Dealers 8.14% versus six-auction average of 12.7%.Directs 16.55% versus six-auction average of 18.9%.Indirects 75.31% versus six-auction average of 68.4%.Auction grade: AIf there is a negative it is only the domestic demand was less than the average over the last 6 months. However, they were strongly outbid by the international demand. Dealers were left with much...
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Posted: Jun 28 2023, 17:04
Author Name: forexlive
Views: 081055