Auction result
7-Year Treasury Note auction result for September 28, 2021
The 7-Year Treasury Note held on September 28, 2021 recorded an official high rate of 1.332% and a bid-to-cover ratio of 2.24. Bid-to-cover decreased from 2.34 at the preceding comparable auction.
High yield
1.332%
Bid-to-cover
2.24
Direct bidders
18.7%
Primary dealers
16.9%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-09-28 | 7Y Note | High yield: 1.332% | 2.24 | $62.0B | 18.7% | 53.6% | 16.9% |
| 2021-08-26 | 7Y Note | High yield: 1.155% | 2.34 | $62.0B | 16.7% | 54.2% | 17.8% |