The Treasury sells $29B in seven-year notes at 1.89% (.pdf). Bid-to-cover ratio of 3.04, vs. a...

|By:, SA News Editor

The Treasury sells $29B in seven-year notes at 1.89% (.pdf). Bid-to-cover ratio of 3.04, vs. a recent 2.91; indirect bidders take 50.3%, same as recent average of 50.3%. Direct bidders take 13.4%, vs. a recent 9.7%. Treasurys trim losses; the 30-year yield now +0.01 to 3.67%; 10-year +0.01 to 2.48%.