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Treasury Auction

7-Year Note

August 29, 2023

A

Key Metrics

Offered

$36B

Bid-to-Cover

2.66

91th percentile

High Yield

4.212%

Tail

-10.8bp

4th pct (higher=worse)

Indirect

75.3%

83th percentile

Dealer

9.8%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
July 27, 20232.48+9.7bp69.8%C-
June 28, 20232.65-6.1bp75.3%A-
May 25, 20232.61+6.7bp72.3%B-
April 27, 20232.41+11.3bp64.1%D+
March 29, 20232.39+2.6bp63.2%D+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History