Federal Reserve Expected To Hike Rates Another Quarter Percent


US treasury auctions $29B of 7 year notes at 2.952%, highest yield since April 2010

Bid to cover at 2.56x vs 2.34x at the last auction and Highest since January

12.7% to direct bidders
21.6% to primary dealers
65.8% to indirect bidders. indirect bidders largest January

Primary dealers take the smallest share of the seven-year supply since January