Financial News: Seven-Year Note Auction Attracts Modestly Above Average De

Seven-Year Note Auction Attracts Modestly Above Average Demand

05/29/2025 - 13:50:00 (RTTNews)

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

The seven-year note auction drew a high yield of 4.194 percent and a bid-to-cover ratio of 2.69.

The Treasury also sold $44 billion worth of seven-year notes last month, drawing a high yield of 4.123 percent and a bid-to-cover ratio of 2.55.

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 2.63.

Earlier this week, the Treasury revealed this month's auction of $69 billion worth of two-year notes attracted below average demand, while this month's auction of $70 billion worth of five-year notes attracted average demand.

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