Finishing off this week's series of long-term securities auctions, the Treasury sold $29 billion worth of seven-year notes on Thursday.
The seven-year note auction drew a high yield of 1.155 percent and a bid-to-cover ratio of 2.71.
Last month, the Treasury also sold $29 billion worth of seven-year notes, drawing a high yield of 1.248 percent and a bid-to-cover ratio of 2.56.
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 2.66.
Today's seven-year note auction comes after the Treasury sold $35 billion worth of two-year notes on Tuesday and $35 billion worth of five-year notes on Wednesday.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.