In the medium term, yields to session lows ahead of the auctionThe WE will auction $28B of 7 years at the end of the hour. The current WI yield is at 2.15%. It is near the low for the day.
The offer of coverage to the last auction came to 2.46 X. It is roughly in the middle of the recent ranges.
The last auction has been issued to 1.941%. With high efficiency, we can expect some more demand.
In the other maturities at the current time:
- 2 years is 1.4548%, down 1.6 bp
- 5 years 1.9046%, unchanged
- 10 years 2.3157%, up 0.5 bp
- 30-year 2.875%, up 1.1 bp