May 25, 2017 / 5:20 PM / 3 months ago

Direct bidders buy most U.S. 7-year notes since 2014

NEW YORK, May 25 (Reuters) - Small bond dealers and other direct bidders on Thursday purchased the most U.S. seven-year government notes at an auction since the summer of 2014, Treasury data showed.

Direct bidders bought 17.17 percent of the $28 billion in seven-year notes issue offered by the U.S. Treasury Department, which was their largest share since the 20.43 percent at the seven-year auction held in August 2014. This group purchased 9.53 percent of the seven-year note sale in April. (Reporting by Richard Leong; Editing by Chris Reese)

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