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Treasury Auction
7-Year Note
December 24, 2025
D+
Key Metrics
Offered
$44B
Bid-to-Cover
2.51
33th percentile
High Yield
3.930%
Tail
-1.0bp
50th pct (higher=worse)
Indirect
59.0%
13th percentile
Dealer
9.3%
Recent 7-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| November 26, 2025 | 2.46 | +1.1bp | 56.6% | F |
| October 28, 2025 | 2.46 | 0.0bp | 59.0% | F |
| September 25, 2025 | 2.40 | +4.3bp | 56.4% | F |
| August 28, 2025 | 2.49 | -2.5bp | 77.5% | C |
| July 29, 2025 | 2.79 | -8.8bp | 62.3% | B+ |