On June 26, the U.S. government sold $70 billion of 5-year notes at a lower-than-expected yield of 4.331% amid solid demand for shorter duration bonds. On June 27, the Treasury sold $44 billion of 7-year notes at a yield of 4.276%, slightly better than mediocre. The 7-year notes auction results were announced just after noon CDT, concluding the current supply cycle. The 7-year notes' yield is lower than the last two results, touching weekly highs.
US Treasury sells $44B 7-Year Treasuries at lower yield as bond demand swells https://t.co/v4taRzzHxa https://t.co/xO5oIuVB8M
The Treasury sale of $44 billion 7 Year Notes was right on the market, a touch better than mediocre, with the yield at 4.276%
US set to sell seven-year notes https://t.co/XD4oHLWpTK
The Treasury plans to sell $44 billion 7 Year Notes today; the auction results will be announced just after noon CDT.
#TreasuriesToday: Yields little changed after touching weekly highs, near or approaching (from below) 200-day averages. Supply cycle ends with $44b 7Y auction at 1pm, last new coupon until July 9. WI 7Y yield ~4.33%, lower than last two results. New 2Y & 5Y are under water.
The U.S. government sold $70 billion of 5-year notes on Wednesday at a lower-than-expected yield as demand for shorter duration bonds remain solid amid expectations for a sooner rather than later Federal Reserve rate cut. The notes were awarded at 4.331%, below the pre-sale, orβ¦