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Treasury Auction

7-Year Note

March 27, 2024

C+

Key Metrics

Offered

$43B

Bid-to-Cover

2.61

71th percentile

High Yield

4.185%

Tail

-4.5bp

43th pct (higher=worse)

Indirect

69.7%

63th percentile

Dealer

12.9%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
February 27, 20242.58+0.7bp69.6%C-
January 25, 20242.57-3.1bp69.1%C+
December 28, 20232.50+4.9bp63.7%D+
November 28, 20232.44-3.1bp63.9%D+
October 26, 20232.70-7.2bp70.6%A-

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History