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Preview 7Y Note Auction


Tsy $35B 7Y-Note auction (91282CFY2) at the top of the hour, WI currently running around 3.867%, 16bp rich to last month's tail:

  • October auction recap: Tsys pared gains slightly after $35B 7Y note auction (91282CFT3) tailed: 4.027% high yield vs. 4.017% WI; 2.43x bid-to-cover vs. 2.57x last month.
  • Indirect take-up climbed to 63.17% vs. 62.49% prior; Direct take-up: 22.72% vs. 24.66% prior; Primary dealer take-up: 14.11% vs. 12.85% prior auction.
  • Timing: The 7Y note results will available shortly after the competitive auctions closes at 1300ET.

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