The U.S. Treasury Department auctioned the following Treasury securities today.
7-year note: $27 billion
- Primary Dealer: $8.27 billion
- Indirect Bidder: $18.12 billion
- Indirect Bidder %: 67%
- Bid to Cover Ratio: 2.82
Bid to Cover Ratio is the highest ever. (7-year note was never sold before this year.)
Indirect Bidder percentage is also the highest.
- SOMA: $0.784 billion