News

US treasury sells $44 billion of 7 year notes at 0.446%

WI at 0.452%

  • High yield 0.446%
  • WI level 0.452%
  • Tail 0.6 basis points
  • Bid to cover 2.45x vs. six-month average of 2.54 times
  • Dealers 19.26% vs. 24.0%
  • directs 16.8% vs. 13.3%
  • indirects 63.9% vs. 62.7%

A good auction.  The high yield was 0.6 basis points below the WI level. Good demand. The bid to cover was a little light vs. the six-month average. However the dealers only had to take 19.26% vs. 24% average

For bank trade ideas, check out eFX Plus

Articles You May Like

How to Day Trade For Beginners: Step by Step Forex Trading Guide
Find The Best Forex Trading Setups Daily Part 2 of 2
US corporate junk bonds sell at record-low 2.875% for 10-years
How to Trade Simplified Forex Trading System?
US dollar stronger but off the highs. What are the charts saying now?

Leave a Reply

Your email address will not be published. Required fields are marked *