Financial News: Seven-Year Note Auction Attracts Average Demand

Seven-Year Note Auction Attracts Average Demand

04/28/2026 - 13:11:00 (RTTNews)

(RTTNews) - The Treasury Department finished off this week's series of announcements of the results of its long-term securities auctions on Tuesday, revealing this month's auction of $44 billion worth of seven-year notes attracted average demand.

The seven-year note auction drew a high yield of 4.175 percent and a bid-to-cover ratio of 2.51.

Last month, the Treasury also sold $44 billion worth of seven-year notes, drawing a high yield of 4.255 percent and a bid-to-cover ratio of 2.43.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous seven-year note auctions had an average bid-to-cover ratio of 2.51.

Earlier this week, the Treasury revealed the results of this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes.

The two-year note auction attracted modestly above average demand, while the five-year note auction attracted roughly average demand.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Korea Producer Prices Jump 2.5% In April (15 min(s), 18 sec(s) ago)
(RTTNews) - Producer prices in South Korea climbed 2.5 percent on month in April, the Bank of Kore ...Full Story»

Fed Minutes Provide Details About Unusually Divided Vote (03 hr(s), 35 min(s), 18 sec(s) ago)
(RTTNews) - While the Federal Reserve's decision to once again leave interest rates unchanged ...Full Story»

Twenty-Year Bond Auction Attracts Below Average Demand (04 hr(s), 44 min(s), 18 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $16 billi ...Full Story»

U.S. Crude Oil Inventories Plunge Much More Than Expected (07 hr(s), 16 min(s), 18 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing crude oil ...Full Story»

Luxembourg Jobless Rate Remains Stable At 6.3% (07 hr(s), 32 min(s), 18 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate held steady for the third straight month in April, ...Full Story»

Slovakia HICP Inflation Rises In April (07 hr(s), 52 min(s), 18 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation increased in April to the highest level in thre ...Full Story»

Italy Construction Output Falls 0.7% In March (08 hr(s), 22 min(s), 18 sec(s) ago)
(RTTNews) - Italy's construction output decreased for the fifth successive month in March, acc ...Full Story»

U.K. Inflation Softens On Lower Energy Bills (09 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - U.K. consumer price inflation eased more than expected in April reflecting the fall in ...Full Story»