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Treasury Auction

7-Year Note

August 28, 2025

F

Key Metrics

Offered

$44B

Bid-to-Cover

2.49

th percentile

High Yield

3.925%

Tail

bp

Indirect

77.5%

Dealer

9.8%

Recent 7-Year Auctions

DateB/CTailIndirectGrade
July 29, 20252.79bp62.3%F
June 26, 20252.53bp76.7%F
May 29, 20252.69bp71.5%F
April 24, 20252.55bp59.3%F
March 27, 20252.53bp61.2%F

7-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History