April 25, 2024 16:07 GMT
Preview 7Y Note Auction
US TSYS/SUPPLY
Tsy $44B 7Y-Note auction (91282CKN0) is at the top of the hour, WI currently running around 4.720%, 53.5bp cheap to last month's high yield stop:
- March auction recap: Tsy futures extended highs after the $43B 7Y note auction (91282CKC4) stopped through with 4.185% high yield vs. 4.192% WI; 2.61x bid-to-cover vs. 2.58x last month.
- Indirect take-up climbed to 69.73% vs. 69.57% last month; Direct take-up 17.41% vs. 14.38% prior, Dealers take 12.86% vs. 15.06%.
- Timing: The 7Y note results will available shortly after the competitive auction closes at 1300ET.
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