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Treasury Auction

2-Year Note

May 24, 2022

C+

Key Metrics

Offered

$47B

Bid-to-Cover

2.61

44th percentile

High Yield

2.519%

Tail

bp

Indirect

62.5%

67th percentile

Dealer

15.3%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
April 27, 20222.51bp29.5%F
April 26, 20222.74bp66.0%B+
March 28, 20222.46bp55.0%D+
February 22, 20222.64bp65.6%B-
January 26, 20223.34bp75.5%A+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History