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.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.