finance
U.S. Treasury Sells $44 Billion in 7-Year Notes at 4.260% Yield
The Treasury auctioned $44 billion of 7-year notes with a high yield of 4.260%. Indirect bidder demand fell to 57.55% from a record 78.4% in May.
Jun 25, 1:24 PM·1m read1 source
marketwatch.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The U.S. Treasury auctioned $44 billion in 7-year notes, zerohedge.com reported. The high yield reached 4.260%, down from 4.290% the previous month, and matched the When Issued level. The bid-to-cover ratio came in at 2.498, below the prior month's 2.516 but above the six-auction average of 2.488.
Indirect bidders took 57.55% of the notes, down from the record 78.4% share in May. Direct bidders purchased 29.7%, up from 11.2% the month before, while dealers received 12.75%, above the 10.42% left from the prior auction. The results were mixed: indirect participation fell from May’s record, while the high yield declined from the prior month and matched the When-Issued level.
Ten-year yields extended their decline during the day and the results drew limited market reaction.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationLimited · 1 source
