$30B up for auction
The US will complete the weekly auctions this week with the sale of $30B of 7 year notes.
The last auction was sold at a high yield of 2.809%.
The bid to cover, an indication of demand, came in at 2.53x ($2.53 of bids for every $1.00 auctioned). The last 3 auctions has had a bid to cover of 2.56, 2.62 and 2.53.
The current 7 year WI (when-issued, meaning before the auction) is trading at 2.93%
