Tsys pare losses after $35B 7Y note auction (91282CGJ4) finally trades through: 3.517% high yield vs. 3.537% WI; 2.69x bid-to-cover vs. 2.45x last month.

Indirect take-up climbs to 77.07% vs. 68.08% prior; Direct take-up: 16.82% vs. 16.17% prior; Primary dealer take-up falls to 6.12% vs. 15.75% prior auction.
The next 7Y auction is tentatively scheduled for February 23.

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Tsys pare losses after $35B 7Y note auction (91282CGJ4) finally trades through: 3.517% high yield vs. 3.537% WI; 2.69x bid-to-cover vs. 2.45x last month.

Indirect take-up climbs to 77.07% vs. 68.08% prior; Direct take-up: 16.82% vs. 16.17% prior; Primary dealer take-up falls to 6.12% vs. 15.75% prior auction.
The next 7Y auction is tentatively scheduled for February 23.

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