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Treasury Auction

7-Year Note

March 29, 2023

D+

Key Metrics

Offered

$35B

Bid-to-Cover

2.39

43th percentile

High Yield

3.626%

Tail

+2.6bp

72th pct (higher=worse)

Indirect

63.2%

61th percentile

Dealer

15.4%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
February 23, 20232.49-0.8bp65.5%B-
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, 20222.43bp63.2%B-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History