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 average demand.
The seven-year note auction drew a high yield of 4.290 percent and a bid-to-cover ratio of 2.52.
Last month, the Treasury also sold $44 billion worth of seven-year notes, drawing a high yield of 4.175 percent and a bid-to-cover ratio of 2.51.
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 this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes also attracted roughly 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.