US 7Y Note Auction
The US Treasury's $44B 7-year note auction draws 4.0% yield, with a bid-to-cover ratio of 2.50
Indirect bidders take % of competitive bids, with % allotted at the high - Direct bidders take %; primary dealers take % **NOTE: The when-Issued yield of 4.% ahead of the auction (stopped/tailed through by 0.bps)