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Treasury Auction

5-Year Note

September 27, 2022

F

Key Metrics

Offered

$44B

Bid-to-Cover

2.27

0th percentile

High Yield

4.228%

Tail

+7.8bp

100th pct (higher=worse)

Indirect

59.6%

35th percentile

Dealer

21.7%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
August 24, 20222.30+5.0bp61.2%F
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-

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History