Auction result
7-Year Treasury Note auction result for July 28, 2026
The 7-Year Treasury Note held on July 28, 2026 recorded an official high rate of 4.473% and a bid-to-cover ratio of 2.49. Bid-to-cover decreased from 2.50 at the preceding comparable auction.
High yield
4.473%
Bid-to-cover
2.49
Direct bidders
15.2%
Primary dealers
11.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-28 | 7Y Note | High yield: 4.473% | 2.49 | $44.0B | 15.2% | 63.0% | 11.7% |
| 2026-06-25 | 7Y Note | High yield: 4.260% | 2.50 | $44.0B | 25.8% | 50.0% | 11.1% |