FX/BondsIMPORTANT
US sells USD 44bln of 7-year notes; tail 0.2bps
StockNow breaking-news AI analysis
The 7-year note auction saw neutral-to-weak demand. While direct domestic interest was firm, foreign participation (indirects) lagged significantly amid high volatility and pre-FOMC caution.
News detail
High Yield: 4.473% (prev. 4.260%, six-auction avg. 4.131%); WI: 4.471% Tail: 0.2bps (prev. 0.0bps, six-auction avg. 0.3bps) Bid-to-Cover: 2.49x (prev. 2.50x, six-auction avg. 2.48x) Dealers: 13% (prev. 12.8%, six-auction avg. 11.4%) Directs: 16.9% (prev. 29.7%, six-auction avg. 24.0%) Indirects: 70.1% (prev. 57.6%, six-auction avg. 64.5%)
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