Auction result
7-Year Treasury Note auction result for January 26, 2023
The 7-Year Treasury Note held on January 26, 2023 recorded an official high rate of 3.517% and a bid-to-cover ratio of 2.69. Bid-to-cover increased from 2.45 at the preceding comparable auction.
High yield
3.517%
Bid-to-cover
2.69
Direct bidders
16.8%
Primary dealers
6.1%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2023-01-26 | 7Y Note | High yield: 3.517% | 2.69 | $35.0B | 16.8% | 77.0% | 6.1% |
| 2022-12-29 | 7Y Note | High yield: 3.921% | 2.45 | $35.0B | 16.1% | 68.0% | 15.7% |
| 2022-11-22 | 7Y Note | High yield: 3.890% | 2.33 | $35.0B | 15.1% | 55.8% | 19.2% |
| 2022-10-27 | 7Y Note | High yield: 4.027% | 2.43 | $35.0B | 22.7% | 63.1% | 14.1% |
| 2022-09-28 | 7Y Note | High yield: 3.898% | 2.57 | $36.0B | 24.6% | 62.4% | 12.8% |
| 2022-08-25 | 7Y Note | High yield: 3.130% | 2.65 | $37.0B | 13.9% | 67.0% | 7.6% |
| 2022-07-28 | 7Y Note | High yield: 2.730% | 2.60 | $38.0B | 17.0% | 65.2% | 9.8% |
| 2022-06-28 | 7Y Note | High yield: 3.280% | 2.48 | $40.0B | 19.0% | 57.4% | 16.5% |
| 2022-05-26 | 7Y Note | High yield: 2.777% | 2.69 | $42.0B | 13.7% | 67.7% | 5.5% |
| 2022-04-28 | 7Y Note | High yield: 2.908% | 2.41 | $44.0B | 17.4% | 57.0% | 13.4% |
| 2022-03-29 | 7Y Note | High yield: 2.499% | 2.44 | $47.0B | 24.1% | 51.3% | 8.9% |
| 2022-02-24 | 7Y Note | High yield: 1.905% | 2.36 | $50.0B | 20.3% | 54.5% | 10.5% |
| 2022-01-27 | 7Y Note | High yield: 1.769% | 2.36 | $53.0B | 19.9% | 54.5% | 12.6% |
| 2022-01-25 | 5Y Note · reopening | High yield: 1.533% | 2.50 | $55.0B | 14.3% | 59.7% | 12.9% |
| 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% |