January 25, 2018 / 6:20 PM / a month ago

U.S. 7-year note supply fetches highest demand since April

NEW YORK, Jan 25 (Reuters) - The U.S. Treasury Department on Thursday sold $28 billion of 7-year government notes to the strongest demand since April at a yield of 2.565 percent, the highest yield at an auction of this maturity since April 2011, Treasury data showed.

The ratio of bids to the amount of seven-year Treasury supply offered was 2.73, matching the level set 13 months ago. This gauge of overall auction demand was 2.55 at the prior 7-year note sale in December. (Reporting by Richard Leong; Editing by Jonathan Oatis)

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