Term and Type: 7-Year Note
Interest Rate: 1.125%
High Yield: 1.195%
Allotted at High: 25.19%
Total Tendered: $140,207,159,700
Total Accepted: $75,431,149,700
Auction Date: 02/25/2021
Issue Date: 03/01/2021
Maturity Date: 02/29/2028
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The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.
This report tells why, and what to look for in the data and the markets. GO TO THE POST
By the way, the public bid/cover was 2.04. Not good. Especially considering US Treasury Injects Another $30 Billion Into Market
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