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Treasury Auction

7-Year Note

January 25, 2024

C+

Key Metrics

Offered

$41B

Bid-to-Cover

2.57

63th percentile

High Yield

4.109%

Tail

-3.1bp

52th pct (higher=worse)

Indirect

69.1%

63th percentile

Dealer

13.9%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
December 28, 20232.50+4.9bp63.7%D+
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

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History