US sells seven-year notes at 3.770% vs 3.761% WI

This is the final episode of a trio of auctions this week. The two-year sale stopped through strongly while there was a small tail for the 5s.

• Prior was 4.162%
• Bid to cover 2.50 vs 2.64 prior

This is a 0.9 bps tail but so far the market is taking it largely in stride.

This article was written by Adam Button at www.forexlive.com.