Auction result
7-Year Treasury Note auction result for March 27, 2025
The 7-Year Treasury Note held on March 27, 2025 recorded an official high rate of 4.233% and a bid-to-cover ratio of 2.53. Bid-to-cover decreased from 2.64 at the preceding comparable auction.
High yield
4.233%
Bid-to-cover
2.53
Direct bidders
25.3%
Primary dealers
12.3%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2025-03-27 | 7Y Note | High yield: 4.233% | 2.53 | $44.0B | 25.3% | 59.3% | 12.3% |
| 2025-02-26 | 7Y Note | High yield: 4.194% | 2.64 | $44.0B | 22.8% | 59.9% | 8.0% |
| 2025-02-25 | 5Y Note · reopening | High yield: 4.123% | 2.42 | $70.0B | 13.2% | 67.8% | 9.6% |
| 2025-01-28 | 7Y Note | High yield: 4.457% | 2.64 | $44.0B | 21.8% | 63.3% | 9.3% |
| 2024-12-26 | 7Y Note | High yield: 4.532% | 2.76 | $44.0B | 2.8% | 86.8% | 9.2% |
| 2024-11-27 | 7Y Note | High yield: 4.183% | 2.71 | $44.0B | 24.2% | 59.9% | 9.3% |
| 2024-10-29 | 7Y Note | High yield: 4.215% | 2.74 | $44.0B | 20.2% | 70.6% | 7.3% |
| 2024-09-26 | 7Y Note | High yield: 3.668% | 2.63 | $44.0B | 19.8% | 69.1% | 8.7% |
| 2024-08-29 | 7Y Note | High yield: 3.770% | 2.50 | $44.0B | 10.3% | 69.3% | 12.7% |
| 2024-07-25 | 7Y Note | High yield: 4.162% | 2.64 | $44.0B | 15.9% | 70.4% | 8.4% |
| 2024-06-27 | 7Y Note | High yield: 4.276% | 2.58 | $44.0B | 17.8% | 67.2% | 11.5% |
| 2024-05-29 | 7Y Note | High yield: 4.650% | 2.43 | $44.0B | 15.2% | 63.0% | 16.0% |
| 2024-04-25 | 7Y Note | High yield: 4.716% | 2.48 | $44.0B | 20.8% | 64.6% | 13.8% |
| 2024-03-27 | 7Y Note | High yield: 4.185% | 2.61 | $43.0B | 17.4% | 69.5% | 12.8% |
| 2024-02-27 | 7Y Note | High yield: 4.327% | 2.58 | $42.0B | 14.2% | 66.4% | 14.9% |
| 2024-01-25 | 7Y Note | High yield: 4.109% | 2.57 | $41.0B | 16.9% | 68.8% | 13.9% |
| 2023-12-28 | 7Y Note | High yield: 3.859% | 2.50 | $40.0B | 19.3% | 63.3% | 16.8% |
| 2023-11-28 | 7Y Note | High yield: 4.399% | 2.44 | $39.0B | 15.5% | 62.6% | 19.9% |
| 2023-10-26 | 7Y Note | High yield: 4.908% | 2.70 | $38.0B | 18.3% | 70.2% | 10.9% |
| 2023-09-28 | 7Y Note | High yield: 4.673% | 2.47 | $37.0B | 19.9% | 65.3% | 14.6% |
| 2023-08-29 | 7Y Note | High yield: 4.212% | 2.66 | $36.0B | 13.5% | 68.0% | 8.8% |
| 2023-07-27 | 7Y Note | High yield: 4.087% | 2.48 | $35.0B | 15.9% | 69.7% | 14.3% |
| 2023-06-28 | 7Y Note | High yield: 3.839% | 2.65 | $35.0B | 16.5% | 75.2% | 8.1% |
| 2023-05-25 | 7Y Note | High yield: 3.827% | 2.61 | $35.0B | 14.5% | 60.8% | 8.8% |