US 7-year Treasury note sale 2.565% vs 2.580% WI bid

Results of the latest US sale

  • Prior was 2.370%
  • Bid-to-cover 2.73 vs 2.55

Strong auction, even though it was the highest 7-year yield at auction since April 2011. The notes were trading at 2.580% in the when-issued market before the sale.

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