Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tai...

By Tyler Durden