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Treasury Auction

7-Year Note

January 28, 2025

C

Key Metrics

Offered

$44B

Bid-to-Cover

2.64

70th percentile

High Yield

4.457%

Tail

+2.7bp

71th pct (higher=worse)

Indirect

67.1%

39th percentile

Dealer

9.9%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
December 26, 20242.76bp87.9%A+
November 27, 20242.71-5.7bp64.1%B-
October 29, 20242.74+2.5bp72.0%B
September 26, 20242.63+1.8bp70.8%C+
August 29, 20242.50+3.0bp75.1%C

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History