What else is happening in Treasury?
Treasury
Runway Growth Finance Prices Offering of Notes due 2029
Runway Growth Finance (RWAY) said late Thursday that it has priced its underwritten public offering of $50 million of its 7.00% notes due Dec. 1, 2029.The offering is expected to close May 29, the firm said.The company said it plans to use the net proceeds for debt repayment and for general corporate purposes.
$RWAY
Treasury
US 7-Year Auction High Yield Rises From Previous Month, Demand Higher
The US Treasury's 7-year auction hit a high yield of 4.290% on Thursday, up from the 4.175% high in the previous auction.The bid to cover ratio for the auction was 2.52, above the 2.51 ratio in the previous auction.Dealers represented 55.10% of the bids, with direct bidders at 7.31% and indirect bidders at 37.59%.For takedown, dealers took 10.42%, with direct bidders at 11.19% and indirect bidders at 78.39%.
Treasury