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Treasury Auction

7-Year Note

September 28, 2022

B+

Key Metrics

Offered

$36B

Bid-to-Cover

2.57

82th percentile

High Yield

3.898%

Tail

-24.2bp

0th pct (higher=worse)

Indirect

62.5%

59th percentile

Dealer

12.8%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
August 25, 20222.65-7.0bp75.7%A+
July 28, 20222.60-10.0bp70.9%A+
June 28, 20222.48+1.0bp61.9%A-
May 26, 20222.69+1.7bp77.9%A+
April 28, 20222.41bp65.0%A-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History