After reporting average demand for this month's two-year and five-year note auctions earlier in the week, the Treasury Department on Thursday revealed this month's auction of $40 billion worth of seven-year notes also attracted average demand.
The seven-year note auction drew a high yield of 3.859 percent and a bid-to-cover ratio of 2.50.
Last month, the Treasury sold $39 billion worth of seven-year notes, drawing a high yield of 4.399 percent and a bid-to-cover ratio of 2.44.
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 in the week, the Treasury revealed this month's auctions of $57 billion worth of two-year notes and $58 billion worth of five-year notes also attracted roughly average demand.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.