Treasury 7-Year Note Auction Stops at 4.260% as Indirect Demand Cools

Treasury sold $44 billion of seven-year notes June 25 at a 4.260% high yield and 2.50 bid-to-cover, with indirect demand cooling to 57.6% as domestic direct bidders stepped in.

Treasury sold $44 billion of seven-year notes June 25 at a 4.260% high yield and 2.50 bid-to-cover, with indirect demand cooling to 57.6% as domestic direct bidders stepped in.