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Treasury Auction

7-Year Note

April 27, 2023

D+

Key Metrics

Offered

$35B

Bid-to-Cover

2.41

46th percentile

High Yield

3.563%

Tail

+11.3bp

100th pct (higher=worse)

Indirect

64.1%

71th percentile

Dealer

14.8%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
March 29, 20232.39+2.6bp63.2%D+
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+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History