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Treasury Auction

7-Year Note

November 22, 2022

D+

Key Metrics

Offered

$35B

Bid-to-Cover

2.33

26th percentile

High Yield

3.890%

Tail

-5.0bp

43th pct (higher=worse)

Indirect

61.9%

53th percentile

Dealer

21.4%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
October 27, 20222.43bp63.2%B-
September 28, 20222.57bp62.5%B
August 25, 20222.65bp75.7%A+
July 28, 20222.60bp70.9%A+
June 28, 20222.48bp61.9%B

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History