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发表于 2011-4-28 01:10 PM
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7-year auction weak
4/28/2011 1:40 PM EDT
By all measures, today's 7-year auction was poor. The when-issued was trading in the 2.69-2.68% area just before the auction, but it printed at 2.712%. That's bad enough, but the secondary stats aren't good either. The bid/cover was 2.63x, tied for the lowest in the last year. Indirects only bought 39.1% of the auction, which is down from 49.4% last month and the worst showing since May 2009. Foreigners just didn't show up to the auction, bidding for just 44.2% of the auction, again worst since May 2009. |
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