Treasury Seven-Year Notes May Yield 2.008% at Sale, Survey Says
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The Treasury Department’s $29 billion sale of seven-year notes may draw a yield of 2.008 percent, according to the average forecast in a Bloomberg News survey of 12 of the Federal Reserve’s 22 primary dealers.
The securities, which mature in May 2021, yielded 2.000 percent in pre-auction trading. Bids are due by 1 p.m. New York time. Last month’s sale yielded 2.317 percent, the highest level since December.