Rates & Fed · September 24, 2026 · 1 min read

Seven-year Treasury auction yield hits 5.085%, highest since 1993

Published September 24, 2026

Reviewed by Econ Data Tools editorial QC

Weaker demand at the $44 billion sale came as the 10-year yield touched its highest level since 2007.

The Treasury Department sold nearly $44 billion in seven-year notes on Thursday at a high yield of 5.085%, the highest since April 1993, Dow Jones reported. The Treasury stopped issuing seven-year notes after that April 1993 auction and brought them back in February 2009. The high yield compared with a market yield of 5.078% before the sale, a sign of weaker demand. The bid-to-cover ratio, another demand gauge, was 2.42, down from 2.50 at last month's auction. Indirect bidders, a group that includes foreign buyers, took 57.2% of the notes, down from about 61% last time. Yields moved slightly higher after the auction, with the 2-year near 4.891% and the 10-year around 5.146%. Earlier Thursday the 10-year yield rose as high as 5.165%, its highest since 2007, and the 30-year reached 5.455%, its highest since 2004, according to Tradeweb data. Stronger economic data has raised expectations that the Federal Reserve will lift rates again at its October meeting, Dow Jones reported. Philadelphia Fed President Anna Paulson said Thursday that more tightening may be warranted if conditions evolve as she expects. "Underlying inflation showed little to no progress," she said. New York Fed President John Williams said it is reasonable to expect another rate increase by the end of the year.

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