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Treasury Auction
7-Year Note
September 25, 2025
F
Key Metrics
Offered
$44B
Bid-to-Cover
2.40
0th percentile
High Yield
3.953%
Tail
+4.3bp
91th pct (higher=worse)
Indirect
56.4%
0th percentile
Dealer
12.0%
Recent 7-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 28, 2025 | 2.49 | -2.5bp | 77.5% | C |
| July 29, 2025 | 2.79 | -8.8bp | 62.3% | B+ |
| June 26, 2025 | 2.53 | -2.8bp | 76.7% | C+ |
| May 29, 2025 | 2.69 | -7.6bp | 71.5% | A |
| April 24, 2025 | 2.55 | -7.7bp | 59.3% | D+ |