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Treasury Auction

7-Year Note

February 23, 2023

B-

Key Metrics

Offered

$35B

Bid-to-Cover

2.49

77th percentile

High Yield

4.062%

Tail

-0.8bp

53th pct (higher=worse)

Indirect

65.5%

77th percentile

Dealer

13.7%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
January 26, 20232.69+0.7bp77.1%A-
December 29, 20222.45-4.9bp68.1%B-
November 22, 20222.33-5.0bp61.9%D+
October 27, 20222.43-9.3bp63.2%B+
September 28, 20222.57-24.2bp62.5%B+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History