US sells seven-year notes at a high yield of 2.844%

WI traded at 2.85% before the auction

The US sold 7 year notes at 2.845%. That was just above/below the WI level of 2.85% at the auction time.

• Bid to cover:2.65x up from 2.49x last.
• Direct bids accepted: 19.0% vs 12.0% last
• Indirect bids accepted: 59.5% vs 64.6% last
• Bid to cover the highest since January when was at 2.73x
• Primary dealers take 21.53%

Good bid to cover. Yield was below the WI level. Good auction.