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Treasury Auction

7-Year Note

October 26, 2023

A-

Key Metrics

Offered

$38B

Bid-to-Cover

2.70

100th percentile

High Yield

4.908%

Tail

-7.2bp

21th pct (higher=worse)

Indirect

70.6%

71th percentile

Dealer

11.0%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
September 28, 20232.47-1.7bp65.5%C
August 29, 20232.66-10.8bp75.3%A
July 27, 20232.48+9.7bp69.8%C-
June 28, 20232.65-6.1bp75.3%A-
May 25, 20232.61+6.7bp72.3%B-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History