US sells USD 44bln of 7-year notes: On the screws
ORIGINAL · NewsquawkUS sells USD 44bln of 7-year notes: On the screwsRead originalHide original
High Yield: 4.894% (prev. 5.085%, six-auction avg. 4.466%); WI 4.894%. Tail: 0.0bps (prev. 0.7bps, six-auction avg. 0.2bps) Bid-to-Cover: 2.46x (prev. 2.42x, six-auction avg. 2.49x) Dealers: 9.41% (prev. 12.5%, six-auction avg. 12.1%) Directs: 32.82% (prev. 30.3%, six-auction avg. 24.2%) Indirects: 57.77% (prev. 57.2%, six-auction avg. 63.7%)
The 7-year note auction priced at the when-issued yield with no tail. Bid-to-cover was 2.46x; allocation shares varied against prior-auction and six-auction averages.
News detail
High Yield: 4.894% (prev. 5.085%, six-auction avg. 4.466%); WI 4.894%. Tail: 0.0bps (prev. 0.7bps, six-auction avg. 0.2bps) Bid-to-Cover: 2.46x (prev. 2.42x, six-auction avg. 2.49x) Dealers: 9.41% (prev. 12.5%, six-auction avg. 12.1%) Directs: 32.82% (prev. 30.3%, six-auction avg. 24.2%) Indirects: 57.77% (prev. 57.2%, six-auction avg. 63.7%)
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