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Treasury Auction

7-Year Note

December 28, 2023

D+

Key Metrics

Offered

$40B

Bid-to-Cover

2.50

63th percentile

High Yield

3.859%

Tail

+4.9bp

79th pct (higher=worse)

Indirect

63.7%

33th percentile

Dealer

16.9%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
November 28, 20232.44-3.1bp63.9%D+
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-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History