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Relatively Small Tail on 7yr Auction Sees Sale Go Alongside Exp

US TSYS

7yr auction tails by 0.8bps relative to the when-issued with the bid/cover dipping to 2.24 - that's below the recent average of 2.31 on the line. Dealer takedown is a lower-than-average 18.99%.

  • 7yr yield jumps slightly on the results, adding around 1bps to trade 1.3217% last.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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