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Treasury Auction

2-Year Note

March 28, 2022

D+

Key Metrics

Offered

$50B

Bid-to-Cover

2.46

20th percentile

High Yield

2.365%

Tail

bp

Indirect

55.0%

33th percentile

Dealer

19.4%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
February 22, 20222.64bp65.6%B-
January 26, 20223.34bp75.5%A+
January 24, 20222.81bp66.0%A-
December 27, 20212.55bp61.4%B-
November 22, 20212.36bp45.6%F

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History