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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
+6.5bp
100th pct (higher=worse)
Indirect
55.0%
33th percentile
Dealer
19.4%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| February 22, 2022 | 2.64 | —bp | 65.6% | B- |
| January 26, 2022 | 3.34 | —bp | 75.5% | A+ |
| January 24, 2022 | 2.81 | —bp | 66.0% | A- |
| December 27, 2021 | 2.55 | —bp | 61.4% | B- |
| November 22, 2021 | 2.36 | —bp | 45.6% | F |