Auction result
7-Year Treasury Note auction result for December 29, 2021
The 7-Year Treasury Note held on December 29, 2021 recorded an official high rate of 1.480% and a bid-to-cover ratio of 2.21. Bid-to-cover decreased from 2.42 at the preceding comparable auction.
High yield
1.480%
Bid-to-cover
2.21
Direct bidders
17.1%
Primary dealers
18.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-12-29 | 7Y Note | High yield: 1.480% | 2.21 | $56.0B | 17.1% | 52.2% | 18.7% |
| 2021-11-23 | 7Y Note | High yield: 1.588% | 2.42 | $59.0B | 21.5% | 54.8% | 16.1% |
| 2021-10-28 | 7Y Note | High yield: 1.461% | 2.25 | $62.0B | 17.7% | 58.0% | 15.0% |
| 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% |