After reporting average demand for this month's two-year and five-year note auctions earlier this week, the Treasury Department on Thursday revealed this month's auction of $37 billion worth of seven-year notes also attracted average demand.
The seven-year note auction drew a high yield of 4.673 percent and a bid-to-cover ratio of 2.47.
Last month, the Treasury sold $36 billion worth of seven-year notes, drawing a high yield of 4.212 percent and a bid-to-cover ratio of 2.66.
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 2.50.
As mentioned above, the Treasury revealed earlier this week that this month's auctions of $48 billion worth of two-year notes and $49 billion worth of five-year notes also attracted average demand.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.