Results of the 7-year auction
– The notes traded at 2.335%/2.330% in the when issued market before the sale
– Bid to cover 2.45 vs 2.54 prior
Basically right on the screws. Some screens were showing the WI a touch higher, so if anything the yield was a touch lower than the market was looking for. Benchmark yields have moved down around 0.5 basis points in the aftermath.
