Updated on October 27, 2016 10:42:40 AM EDT
Yesterday’s 5-year Treasury Note sale was uneventful. The benchmarks we use to gauge investor demand for the securities showed an above average interest, but not a strong demand. That leaves us little to use to predict today’s 7-year Note auction. If investor interest is high today, we could see bonds improve a little later. However, I suspect that this event will do little to alter the negative tone we are seeing in bonds currently. Results will be posted at 1:00 PM ET, so any reaction will come during early afternoon trading.