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Market Impact: 0.25

Seven-Year Note Auction Attracts Below Average Demand

Interest Rates & YieldsCredit & Bond MarketsSovereign Debt & RatingsFiscal Policy & BudgetMarket Technicals & FlowsInvestor Sentiment & Positioning

The Treasury auctioned $44.0B of seven-year notes that attracted below-average demand. Weaker coverage on the issue could exert modest upward pressure on intermediate Treasury yields and signals softer bid-side demand in the government bond market.

Analysis

The Treasury auctioned $44.0B of seven-year notes that attracted below-average demand. Weaker coverage on the issue could exert modest upward pressure on intermediate Treasury yields and signals softer bid-side demand in the government bond market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15