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U.S. Treasury to auction off $30 billion of 7 your notes at the top of the hour

The US treasury will auction off $35 billion 7 year notes at the top of the hour. The six-month averages of the major components shows:Bid to cover 2.46XTail +0.9 basis pointsDirects (a measure of domestic demand) 18.8%Indirects (a measure of international demand) 66.6%Dealers (they take the rest) 14.5%The 2 and 5-year note auction was met with strong demand from international traders with negative tail (-1.4 basis points on each) and above-average bid-to-cover numbers. This ar... Read More

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Posted: May 25 2023, 16:52

Author Name: forexlive

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