7-Year Note · 28 Aug 2025

CUSIP 91282CNW7 · results published

Offering
$44.0 B
Total tendered
$114.8 B
Total accepted
$49.3 B
Bid-to-cover
2.49×
High yield
3.925 %
Median yield
3.870 %
Indirect bidders
$34.00 B (77.5 %)
Direct bidders
$5.60 B (12.8 %)
Primary dealers
$4.30 B (9.8 %)
SOMA
$5.31 B
Tail vs when-issued
not computed
Issue date
2 Sept 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CNW7,auction_date:eq:2025-08-28 · results PDF R_20250828_3.pdf

Snapshot 6b6428474d32 fetched Tue 22 Sept 2026, 10:50 am ET from https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=auction_date%3Agte%3A2019-01-01&sort=-auction_date&page%5Bsize%5D=10000&page%5Bnumber%5D=1

Previous 7-Year auctions

DateBid-to-coverDealersIndirectsHigh yield
29 Jul 20252.79×4.1 %62.3 %4.092 %
26 Jun 20252.53×11.6 %76.7 %4.022 %
29 May 20252.69×4.9 %71.5 %4.194 %
24 Apr 20252.55×15.3 %59.3 %4.123 %
27 Mar 20252.53×12.7 %61.2 %4.233 %
26 Feb 20252.64×8.8 %66.1 %4.194 %
28 Jan 20252.64×9.9 %67.1 %4.457 %
26 Dec 20242.76×9.3 %87.9 %4.532 %
27 Nov 20242.71×10.0 %64.1 %4.183 %
29 Oct 20242.74×7.5 %72.0 %4.215 %
26 Sept 20242.63×8.9 %70.8 %3.668 %
29 Aug 20242.50×13.7 %75.1 %3.770 %
Auction 91282CNW7 · The Fiscal Desk