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Treasury Auction

7-Year Note

November 28, 2023

D+

Key Metrics

Offered

$39B

Bid-to-Cover

2.44

35th percentile

High Yield

4.399%

Tail

-3.1bp

52th pct (higher=worse)

Indirect

63.9%

39th percentile

Dealer

20.3%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
October 26, 20232.70-7.2bp70.6%A-
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-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History