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Treasury Auction

7-Year Note

June 28, 2023

A-

Key Metrics

Offered

$35B

Bid-to-Cover

2.65

87th percentile

High Yield

3.839%

Tail

-6.1bp

24th pct (higher=worse)

Indirect

75.3%

87th percentile

Dealer

8.1%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
May 25, 20232.61+6.7bp72.3%B-
April 27, 20232.41+11.3bp64.1%D+
March 29, 20232.39+2.6bp63.2%D+
February 23, 20232.49-0.8bp65.5%B-
January 26, 20232.69+0.7bp77.1%A-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History