The winning bid yield for the $44 billion 7-year Treasury note issued by the US Treasury was 5.085%, the highest since the bond was re-issued in 2009. The pre-issuance transaction level at 1 p.m. New York time was 5.078%, indicating lower than expected demand. At the end of the tender, there was almost no change in yield on the day before issuance, and the market's reaction to the bid results was minimal.

The winning bid yield for the $44 billion 7-year Treasury note issued by the US Treasury was 5.085%, the highest since the bond was re-issued in 2009. The pre-issuance transaction level at 1 p.m. New York time was 5.078%, indicating lower than expected demand. At the end of the tender, there was almost no change in yield on the day before issuance, and the market's reaction to the bid results was minimal.