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Treasury Auction

7-Year Note

April 25, 2024

D

Key Metrics

Offered

$44B

Bid-to-Cover

2.48

33th percentile

High Yield

4.716%

Tail

+5.6bp

83th pct (higher=worse)

Indirect

65.1%

38th percentile

Dealer

13.9%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
March 27, 20242.61-4.5bp69.7%C+
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+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History