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Treasury Auction

7-Year Note

May 28, 2026

B-

Key Metrics

Offered

$44B

Bid-to-Cover

2.52

46th percentile

High Yield

4.290%

Tail

-3.0bp

30th pct (higher=worse)

Indirect

78.4%

96th percentile

Dealer

10.4%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
April 28, 20262.51+3.5bp58.4%F
March 26, 20262.43+10.5bp62.6%F
February 26, 20262.50-3.0bp63.6%D+
January 29, 20262.45-3.2bp66.9%D+
December 24, 20252.51-1.0bp59.0%D+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History