Is the third time the appeal of the Ministry of Finance?
Approaching, traders will buy US government bonds worth $44 billion, which expires in seven years at 1pm in the East.
The sale comes after the Treasury auctioned off a five-year memo on Monday, awarding a yield of 0.9 basis points above the bid deadline rate. If the Treasury offers a higher rate, Wall Street usually considers it a poor auction. Because it suggests that the Treasury had to seduce buyers by offering higher yields. One basis point equals 0.01%.
The seven-year note sales mark this week’s third notable bond auction, closing out this month’s series of important auctions.