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Treasury Auction

5-Year Note

August 24, 2022

F

Key Metrics

Offered

$45B

Bid-to-Cover

2.30

6th percentile

High Yield

3.230%

Tail

+5.0bp

100th pct (higher=worse)

Indirect

61.2%

44th percentile

Dealer

20.6%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
July 26, 20222.46-3.0bp66.4%A-
June 27, 20222.28+9.1bp56.5%F
May 25, 20222.44-2.4bp62.9%B
April 27, 20222.41-0.5bp64.0%B-
March 28, 20222.53-0.7bp60.2%B

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History