US sells $32 billion of 7 year notes at a high yield of 2.281%

The bid to cover comes in at 2.54x vs 2.60x at the previous auction.

• high yield 2.281%
• bid to cover 2.54x vs 2.60x at the last auction
• 20.7% of seven-year notes to direct bidders
• 64.5% to indirect bidders
• primary dealers awarded 14.8%