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Treasury Auction
2-Year Note
July 25, 2022
D+
Key Metrics
Offered
$45B
Bid-to-Cover
2.58
45th percentile
High Yield
3.015%
Tail
+3.5bp
100th pct (higher=worse)
Indirect
62.0%
65th percentile
Dealer
17.9%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| June 27, 2022 | 2.51 | +4.4bp | 51.5% | F |
| May 24, 2022 | 2.61 | -13.1bp | 62.5% | B |
| April 27, 2022 | 2.51 | —bp | 29.5% | F |
| April 26, 2022 | 2.74 | -4.5bp | 66.0% | A- |
| March 28, 2022 | 2.46 | +6.5bp | 55.0% | D- |