US sells USD 44bln of 7-yr notes; Tail 0.8bps
Importance
Level 1
- High Yield: 4.255% (prev. 3.790%, six-auction avg. 3.877%): 4.247%
- Tail: 0.8bps (prev. 0.0bps, six-auction avg. 0.4bps)
- Bid-to-Cover: 2.43x (prev. 2.50x, six-auction avg. 2.46x)
- Dealers: 12.41% (prev. 10.4%, six-auction avg. 11.5%)
- Directs: 25.03% (prev. 26.0%, six-auction avg. 28.3%)
- Indirects: 62.56% (prev. 63.6%, six-auction avg. 60.3%)
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