April 25, 2024, 01:10 PM

US 7-Year Auction High Yield Rises from Previous Month, Demand Lower

The US Treasury's 7-year auction hit a high yield of 4.716% on Thursday, higher than the 4.185% high in the previous auction.

The bid to cover ratio for the auction was 2.48, below the 2.61 ratio in the previous auction.

Dealers represented 54.20% of the bids, with direct bidders at 14.39% and indirect bidders at 31.41%.

For takedown, dealers took 13.90%, with direct bidders at 20.99% and indirect bidders at 65.11%.

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