The US Treasury's 7-year auction hit a high yield of 4.473% on Tuesday, up from the 4.260% high in the previous auction.
The bid to cover ratio for the auction was 2.49, slightly below the 2.50 ratio in the previous auction.
Dealers represented 56.17% of the bids, with direct bidders at 10.91% and indirect bidders at 32.92%.
For takedown, dealers took 12.97%, with direct bidders at 16.88% and indirect bidders at 70.15%.
Shandong Hi-speed (SHA:600350) issued its first tranche of medium-term bonds for the year, which amounted to 500 million yuan, according to a Shanghai bourse filing on Tuesday.The bond has a coupon rate of 1.68% and a term of three years, maturing July 27, 2029.China Merchants Bank (SHA:600036, HKG:3968) is the bookrunner and lead underwriter of the issuance.The transportation infrastructure company's shares fell 3% during the morning trade.
Polymetals Resources (ASX:POL) said it exchanged a AU$28 million Endeavor Mine rehabilitation bond previously held by project vendor CBH Resources using existing cash reserves, according to a Tuesday filing with the Australian bourse.The exchange is the last step in the company's acquisition of the Endeavor Mine in New South Wales, and will release Polymetals of the vendor-held senior security over the project while transferring full ownership of Cobar Infrastructure to Polymetals by July 30, per the filing.The company's shares were down about 3% in recent Tuesday trade amid broader market weakness.
3:00 Monday vs 3:00 Friday2yr 99-21 vs 99-20; 4.318% vs 4.326%5yr 98-25+ vs 98-21; 4.397% vs 4.424%10yr 98-04+ vs 97-20; 5.149% vs 5.184%30yr 98-02+ vs 97-18; 5.125% vs 5.158%2/10 32.045 bps vs 34.657 bps5/30 72.620 bps vs 73.364 bps