US 7-Year Treasury Auction Clears at 4.290% Yield With Strong Indirect Demand
The $77 billion auction saw a high yield of 4.290%, with indirect bidders taking 78.4% of the offering, well above historical averages. The US Treasury sold $77 billion of 7-year notes at a high yield of 4.290%, just below the when-issued level of 4.291%. The auction produ