US treasury auctions offer $35 billion of the 7 year notes at a high yield of 3.921% | Forexlive
The US treasury auctioned off $35 billion of 7 near notes at a high yield of 3.921%. That was about one basis point higher than the WI level at the time of the auction:
- Bid to cover 2.45X
- Directs took a 16.17%
- Indirects took 68.08%
- Dealers took 15.75%
Not a great auction.