U.S. Treasury auctions office 7 year note at a high yield of 4.087%

  • WI level at the time of the auction was 4.074%
  • High-yield 4.087%
  • WI level 4.064%
  • Tail 1.3 basis points versus 6-month average of 0.0 basis points
  • Bid to cover 2.48X versus 6 month average of 2.54X
  • Directs 15.9% versus 6 month average of 19.0%
  • Indirects 69.8% versus 6 month average of 69.6%
  • Dealers 14.3% versus 6 month average of 11.4%

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