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Treasury Auction

2-Year Note

August 23, 2022

C

Key Metrics

Offered

$44B

Bid-to-Cover

2.49

23th percentile

High Yield

3.307%

Tail

-1.3bp

20th pct (higher=worse)

Indirect

59.7%

50th percentile

Dealer

22.9%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
July 27, 20223.13—bp69.4%B+
July 25, 20222.58+3.5bp62.0%D+
June 27, 20222.51+4.4bp51.5%F
May 24, 20222.61-13.1bp62.5%B
April 27, 20222.51—bp29.5%F

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History