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Treasury Auction

7-Year Note

June 25, 2026

D-

Key Metrics

Offered

$44B

Bid-to-Cover

2.50

25th percentile

High Yield

4.260%

Tail

-2.0bp

48th pct (higher=worse)

Indirect

57.5%

8th percentile

Dealer

12.8%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
May 28, 20262.52-3.0bp78.4%B-
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+

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History