WI currently trading at 0.65%

The US treasury will auction off 7 year notes at the top of the hour. The current WI is trading around 0.65%.

The last auction last month saw

  • high yield at 0.60%.
  • Bid to cover was 2.24x
  • Directs 14.3%
  • Indirects at 60.9%

the bid