Tuesday , 11 March 2025
Home Forex US treasury to auction off $44 billion a seven year notes at the top of the hour
Forex

US treasury to auction off $44 billion a seven year notes at the top of the hour

The US treasury will complete the coupon auctions for the week with the sale of $44 billion of 7-year notes at the top of the hour. The six-month averages of the major components of the auction show:

  • Tail 0.1 basis points
  • Bid to Cover 2.54X
  • Directs (a measure of domestic demand) 17.3%
  • Indirects (a measure of international demand) 70.3%
  • Dealers (they take the rest) 12.4%

The yield last month came in at 3.668%. The current 7-year yield is much higher at 4.239%.

The 2 and the 5-year auctions yesterday were met with average/below average demand. WIll the buyers show up today?

This article was written by Greg Michalowski at www.forexlive.com.

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