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Treasury Auction

7-Year Note

September 24, 2026

F

Key Metrics

Offered

$44B

Bid-to-Cover

2.42

4th percentile

High Yield

5.085%

Tail

+3.5bp

87th pct (higher=worse)

Indirect

57.2%

8th percentile

Dealer

12.5%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
August 27, 20262.50+0.2bp60.8%D
July 28, 20262.49-4.7bp70.2%C-
June 25, 20262.50-2.0bp57.5%D-
May 28, 20262.52-3.0bp78.4%B-
April 28, 20262.51+3.5bp58.4%F

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History