​Solid 7Y Auction Stops Through Despite Drop In Foreign Buyers – Tyler Durden

Solid 7Y Auction Stops Through Despite Drop In Foreign Buyers After two coupon auctions which stopped on the screws, moments ago we had a belly-busting 7Y auction which was also the strongest auction of the week. The Treasury sold $44 billion in 7Y paper in a solid auction, pricing at a high yield of 3.668%, down from 3.770% last month, and stopping through the When Issued 3.67% by 0.7bps, a reversal to the 0.9bps tail last month. The bid to cover was 2.628, up from 2.50 in August, and above the six auction average of 2.54, otherwise it was almost…  — Continue at ZeroHedge News : Read More