U.S. Treasury auctions office 7 year note at a high yield of 4.087%

<ul><li>High-yield 4.087%</li><li>WI level 4.064%</li><li>Tail 1.3 basis points versus 6-month average of 0.0 basis points</li><li>Bid to cover 2.48X versus 6 month average of 2.54X</li><li>Directs 15.9% versus 6 month average of 19.0%</li><li>Indirects 69.8% versus 6 month average of 69.6%</li><li>Dealers 14.3% versus 6 month average of 11.4%</li></ul><p>sloppy auction</p>

This article was written by Greg Michalowski at www.forexlive.com.