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Thursday, July 27, 2017

US sells 7-year notes at 2.126% vs 2.125% WI bid

Results of the $28 billion sale - Highest since March - Prior was 2.056% - Bid-to-cover 2.54 vs 2.46 prior The auction was taking place as the market was souring and yields in the when-issued market fell in the final few minutes before the results. They got it right because the result was just as strong.
US sells 7-year notes at 2.126% vs 2.125% WI bid

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