Updated on July 27, 2016 10:01:21 AM EDT
Yesterday’s 5-year Treasury Note auction did not go very well. Several benchmarks we use to gauge investor demand showed below average interest in the securities. Fortunately, we did not see much of a reaction in the bond market after results were posted. The 7-year Note sale will be held tomorrow, but yesterday’s sale results don’t give us too much to be optimistic about.