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Treasury Auction

7-Year Note

March 26, 2026

F

Key Metrics

Offered

$44B

Bid-to-Cover

2.43

4th percentile

High Yield

4.255%

Tail

+10.5bp

100th pct (higher=worse)

Indirect

62.6%

29th percentile

Dealer

12.4%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
February 26, 20262.50-3.0bp63.6%D+
January 29, 20262.45-3.2bp66.9%D+
December 24, 20252.51-1.0bp59.0%D+
November 26, 20252.46+1.1bp56.6%F
October 28, 20252.460.0bp59.0%F

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History