稳定的 7 年期国债拍卖结束后，收益率处于盘中低位

稳定的 7 年期国债拍卖结束后，收益率处于盘中低位
Yields At Session Low After Solid 7Y Auction Stops Through

原始链接: https://www.zerohedge.com/markets/yields-session-low-after-solid-7y-auction-stops-through

在本周早些时候进行了出色的 2 年期国债拍卖和稳健的 5 年期国债拍卖之后，今天出售了 440 亿美元的 7 年期国债，结束了本周的加速优惠券发行，并且以另一次稳健的拍卖方式完成了这一目标。拍卖价格达到4.183%的高收益，较上月的4.215%有所回落，止损于发行时的4.197%，止损1.4个基点，为连续第三次止损。补拍价为 2.709，低于 2.737，但高于六次拍卖平均价 2.585。内部因素较弱，间接下降 64.1%，低于上个月的 71.2%，也低于最近的平均水平 72.3%。然而，国外的需求远远超出了直销商的需求，与昨天一样，直销商的需求激增，拍下了 25.9% 的拍卖份额，为 2022 年 3 月以来的最高水平。总体而言，这是一个坚实的结果，即使不是引人注目的结果，但大幅止损足以使 10 年期国债持平于盘中低点附近，比周二收盘价低约 6 个基点。

After a stellar 2Y, and a solid 5Y auction earlier this week, today's sale of $44 billion in 7Y paper closed out the week's accelerate coupon issuance, and it did so in style, with another solid auction.

The auction prices at a high yield of 4.183%, down from 4.215% last month and stopping through the When Issued 4.197% by 1.4bps, the third consecutive stop through in a row.

The bid to cover was 2.709, down from 2.737 but above the 2.585 six auction average.

The internals were weaker with Indirects taking down 64.1%, down from last month's 71.2% and below the recent average of 72.3%. However, the foreign demand was more than made up by Directs who, like yesterday, saw a surge in demand and took down 25.9% of the auction, the highest since March 2022.

Overall, this was a solid if not spectacular result, yet the big stop through was enough to leave the 10Y flat near session lows, and about 6bps below Tuesday's close.

稳定的 7 年期国债拍卖结束后，收益率处于盘中低位 Yields At Session Low After Solid 7Y Auction Stops Through

稳定的 7 年期国债拍卖结束后，收益率处于盘中低位
Yields At Session Low After Solid 7Y Auction Stops Through