Treasury sells a record $29B in seven-year notes at 3.005% (.pdf). Bid-to-cover ratio was 2.79...

|By:, SA News Editor

Treasury sells a record $29B in seven-year notes at 3.005% (.pdf). Bid-to-cover ratio was 2.79 vs. a recent 2.73; indirect bidders took 61.7% vs. a recent 63.6%. Treasurys are holding earlier gains after today's housing data: the 30-year yield -0.03 to 4.17%; 10-year -0.04 to 3.37%; 5-year flat at 2.37%; 2-year -0.02 to 0.94%.