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Treasury Auction

7-Year Note

March 27, 2025

D

Key Metrics

Offered

$44B

Bid-to-Cover

2.53

38th percentile

High Yield

4.233%

Tail

+1.3bp

55th pct (higher=worse)

Indirect

61.2%

0th percentile

Dealer

12.7%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
February 26, 20252.64-1.6bp66.1%C+
January 28, 20252.64+2.7bp67.1%C
December 26, 20242.76bp87.9%A+
November 27, 20242.71-5.7bp64.1%B-
October 29, 20242.74+2.5bp72.0%B

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History