Markets - Market News
Treasury 7-Year Notes Go At 1.260% High Yield
Wednesday, February 27, 2013
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The Treasury Department auctioned $29 billion of seven-year notes, with a 1.250% coupon, a 1.260% high yield, a price of 99.933199.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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