← All Auctions

Treasury Auction

7-Year Note

July 29, 2025

B+

Key Metrics

Offered

$44B

Bid-to-Cover

2.79

100th percentile

High Yield

4.092%

Tail

-8.8bp

5th pct (higher=worse)

Indirect

62.3%

9th percentile

Dealer

4.1%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
June 26, 20252.53-2.8bp76.7%C+
May 29, 20252.69-7.6bp71.5%A
April 24, 20252.55-7.7bp59.3%D+
March 27, 20252.53+1.3bp61.2%D
February 26, 20252.64-1.6bp66.1%C+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History